Today, the Steering Committee of the Multi-agency Donor Coordination Platform for Ukraine met for the fifth time.
Following on the last Steering Committee, and taking into account the discussions held at the six sectoral workshops organised by the Government of Ukraine, in partnership with the relevant IFIs and with the support of the Brussels and Kyiv-based Secretariat of the Platform (private sector and agriculture, transport, housing, humanitarian demining, critical and social infrastructure, energy and digitalisation), the Government of Ukraine presented updated information of the priority needs for early recovery in 2023 and the remaining gaps per sector
The Commission reiterated the importance of reforms, rooted in Ukraine’s path to EU accession, as the necessary counterpart to the effectiveness of external assistance, particularly reforms aimed at facilitating investment and improving accountability and transparency. The Commission updatedthe Steering Committee about its proposal for a new up to €50 billion Ukraine Facility for the years 2024-2027 to provide support to investments and reforms needed for the EU accession, for recovery, reconstruction,and modernisation of Ukraine, as well as its urgent financial needs.
The Commission and the Government of Ukraine underlined the potential of the Ukraine Plan, which Ukraine has already started preparing in order to tap into the EU Ukraine Facility, as a useful tool, to Ukraine's recovery, reconstruction and modernisation. Ukraine has started drafting the Plan that would provide a coherent roadmap for Ukraine’s reforms and investments. They noted their aspiration to use the Ukraine Plan more broadly in the context of the MDCP.
The Government of Ukraine, the Commission and the International Monetary Fund updated the Platform Members on reforms and conditionalities. Ukraine has met the conditionalities linked to the EU’s MFA+ and the IMF that were due so far, as well as two of the seven steps identified in the June European Council decision granting status of candidate country to Ukraine.
The Steering Committee will continue to meet regularly, with the next meeting taking place in September.
Background
The Multi-agency Donor Coordination Platform for Ukraine was launched on 26 January 2023 with its inaugural Steering Committee meeting. It brings together high-level officials from Ukraine, the EU, the G7 countries, as well as partners from International Financial Institutions, notably the European Investment Bank, the European Bank for Reconstruction and Development, the International Monetary Fund and the World Bank, to coordinate efforts to address Ukraine’s financing needs, both in the short to medium-term.
The meeting was opened by the G7 Presidency, co-chaired by the European Commission Director-General for Neighbourhood and Enlargement Negotiations Gert Jan Koopman, together with the Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development of Ukraine OleksandrKubrakov, and the US Deputy National Security Advisor for International Economics Mike Pyle.
For More Information
Donor Coordination Platform for Ukraine website
Details
- Publication date
- 26 July 2023
- Author
- Directorate-General for Neighbourhood and Enlargement Negotiations