The launch of the Ukraine Development Fund (UDF), created in collaboration with the investment company BlackRock and the investment bank JP Morgan, is planned for the first half of this year, probably closer to the Ukraine Recovery Conference-2024, which will take place on June 11-12 in Berlin. Deputy Head of the Presidential Office Rostislav Shurma stated this during a discussion at the Ukrainian House in Davos, Interfax-Ukraine reports.
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“Currently our realistic timing is until the middle of this year,” Shurma said.
He admitted that the Ukraine Development Fund was initially planned to be launched in the second half of 2023, but the start of its work was postponed due to a lack of initial capital due to the difference between the real situation at the front and what was expected at that time .
“We are talking about half a billion in target capital. We will work to increase this amount. The goal is a billion. But I don’t know, maybe the schedule won’t be the same until 2025,” said the Deputy Head of the Presidential Office.
He expressed hope that this project, in collaboration with the private sector, will attract several billion additional investments to Ukraine .
Shurma said at a panel discussion at the Ukrainian House in Davos that Ukraine is actively working to resume air traffic from Kyiv and Lvov.