American-Ukrainian Reconstruction Fund approved its first investment, over 200 applications under consideration - Svyrydenko
Kyiv • UNN
Yulia Svyrydenko announced the launch of the American-Ukrainian Reconstruction Fund. The government also allocated UAH 22 billion for the protection of energy facilities.
The American-Ukrainian Investment Fund for Reconstruction has approved its first investment, with over 200 more applications under review. This was announced by Prime Minister Yulia Svyrydenko, who began a working visit to Washington with a government team, UNN writes.
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"I participated in the opening of the American-Ukrainian Partnership Forum, which is taking place on the sidelines of the IMF and World Bank Spring Meetings... The American-Ukrainian Investment Fund for Reconstruction should become an effective tool for attracting private capital. The Fund is already working – the first investment has been approved, and over 200 more applications are under consideration," she wrote on Telegram on Wednesday.
She also met with the heads of leading American companies. "We discussed the state of Ukraine's economy amid constant attacks, as well as opportunities for investment and partnership," Svyrydenko added.
"I informed about resilience plans. We are working on a strategic restructuring of the energy system, preparing for winter and challenges from the enemy. Priorities are the protection of energy facilities, distributed generation, backup power for heat and water supply, and decentralization of heat supply," the Prime Minister wrote.
According to her, the government has already financed priority works for the protection and connection of cogeneration units in communities for over UAH 22 billion. "We must ensure at least 4 GW of additional distributed generation capacity across the country. For the further implementation of resilience plans, the support of international partners – both financial and in the form of equipment – is crucial," she emphasized.
"Additionally, we invite partners to work on joint projects in the energy sector. Ukraine is a reliable partner for ensuring new logistical routes for energy supply and offers mutually beneficial use of the capacities of Ukrainian underground gas storage facilities," Svyrydenko said.