The American-Ukrainian Reconstruction Fund has begun the selection of investment projects

The American-Ukrainian Reconstruction Investment Fund has officially announced the start of accepting project proposals. The main goal for the current year is to conclude the first three investment agreements, which should be a practical start of large-scale capital attraction for the reconstruction of Ukraine.

The Ministry of Economy, Environment and Agriculture of Ukraine announced the launch of the selection. The corresponding decision was made jointly with the United States Development Finance Corporation (DFC), which is a key partner of the fund on the American side.

Minister of Economy, Environment and Agriculture of Ukraine Oleksiy Sobolev emphasized that the fund expects high-quality and well-structured projects in priority sectors. According to him, these are initiatives that will have a clear economic effect for the country's reconstruction and at the same time will be attractive to international investors. The Minister also noted that the first investments may be made in the coming months.

In parallel, the Ministry of Economy and the DFC launched a special online portal for submitting investment applications. The creation of this tool is seen as the first practical step towards full-scale investment deployment in 2026, after the full operational readiness of the fund was confirmed in December.

Companies and investors operating in the fund’s target sectors and ready to attract financing can submit project proposals via the online platform. The fund will primarily consider projects in the areas of critical minerals (upstream and midstream), energy — including generation, transmission and extraction of hydrocarbons, transport and logistics, information and communication technologies, as well as new technologies.

At the initial stage of its activities, the fund plans to focus mainly on investments in equity and instruments close in nature to equity, in particular quasi-equity. After submitting an application, the fund team conducts a preliminary analysis of the project, and in case of interest, contacts the applicant to clarify details and request additional materials - financial model, project structure, confirmation of readiness for implementation and information about partners.

The assessment procedure also includes a detailed analysis of key risks and mechanisms for their minimization. Project requirements and investment instruments may vary depending on the industry, stage of implementation of the initiative and the chosen financing model.

The United States–Ukraine Reconstruction Investment Fund was established on the basis of an intergovernmental agreement between Ukraine and the United States. Its starting capital is $150 million and is formed in equal shares: $75 million from the United States through DFC and $75 million from Ukraine.

The fund is managed through the Board of Directors and four profile committees - investment, audit, administrative and project search committees. Alvarez & Marsal (A&M) has been designated as the key operating partner and investment advisor of the fund.