The program for international private investors, which will help recover Ukraine, aims to attract 15 billion US dollars of financing with the support of local bodies of state power and capital markets. According to BlackRock’s Vice Chairman Philipp Hildebrand, the Ukraine Development Fund intends to receive at least 500 million US dollars from countries, development banks and other grant institutions, as well as 2 billion US dollars from private investors.

The managing company, together with the JPMorgan Chase bank, advises Kyiv on attracting private capital. Last month, the World Bank estimated the total cost of recoveringUkraine after the russian invasion at nearly 500 billion US dollars.

The fund will most likely be registered in Luxembourg. The aim is to establish one of the largest public-private partnerships, along the lines of Germany's post-World War II development bank KfW, or BlackRock's Multi-Government Climate Finance Partnership in 2021.

The key sectors of agriculture, production, infrastructure and energy will be the priority areas of the fund. So far, about 20 viable projects out of 200 have been selected.

More details: http://surl.li/rorqd