Minerals deal: Governing Board of Reconstruction Investment Fund holds first meeting

During its inaugural meeting, the Governing Board of the U.S.-Ukraine Reconstruction Investment Fund approved operating rules, established committees, and authorized the opening of the Fund’s bank accounts.

Prime Minister Yuliia Svyrydenko announced this on Telegram, according to Ukrinform.

“Today we held the first meeting of the Governing Board of the Reconstruction Investment Fund. The Board approved its operating rules, formed committees, and granted authority to open bank accounts for the Fund, as well as to appoint an administrator and investment advisor. The next step is to identify projects for the first pilot investments, which we’ll discuss with colleagues from the DFC during their visit to Kyiv in September,” she wrote.

Svyrydenko emphasized that the Board is the key governing body of the Fund, comprising three representatives each from Ukraine and the United States. The U.S. side delegated Treasury Secretary Scott Bessent, DFC Head of Investments Conor Coleman, and DFC Vice President and General Counsel Robert Stebbins.

The Prime Minister noted that American investments could serve as a security guarantee both for Ukraine and for U.S. businesses operating in the country.

As previously reported by Ukrinform, Ukraine’s representatives on the Governing Board include Minister of Economy, Environment, and Agriculture Oleksii Sobolev, Deputy Minister Yehor Perelyhin, and State Secretary of the Ministry of Foreign Affairs Oleksandr Karasevych.

Photo: Telegram / Yuliia Svyrydenko