On 21 June 2023, the Steering Committee of the Multi-agency Donor Coordination Platform for Ukraine met for the first time in person in the margin of the Ukraine Recovery Conference 2023 in London. Discussions focused on how to meet Ukraine’s urgent priority needs, and the role of the Platform in coordinating support for Ukraine’s medium and longer-term recovery and reconstruction needs beyond 2023, as well as Ukraine’s reform agenda.
Ukraine’s budgetary gap for the current year has been covered, thanks to the contribution of Ukraine’s donors, including the EU’s Macro-Financial Assistance Plus of up to €18 billion. Taking this into accountdonor commitments to date, the SteeringCommittee during its 4th meeting agreed to launch sectoral workshops, bringing together Ukraine and its major donors, including the international financial institutions, to further map donor support with Ukraine’s 2023 early recovery needs,such as critical infrastructure repairs.
To facilitate the coordination of assistance to Ukraine’s medium and longer-term needs and recovery and reconstruction priorities of Ukraine, the Steering Committee also discussed the future direction and priorities of the Platform, beyond 2023. It also exchanged about private sector dynamics and the business environment in Ukraine.
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 informed the Steering Committee about its proposal for a new up to €50 billion Ukraine Facility for the years 2024-2027, to provide support to reforms needed for the EU accession, for recovery, reconstruction and modernisation, as well as urgent financial needs. The Ukraine Plan, which will be prepared under the Facility will provide a coherent roadmap for Ukraine’s reforms and investments over the next four years.
The Steering Committee will continue to meet regularly, with the next virtual meeting taking place in July.
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 Prime Minister of Ukraine, Denys Shmyhal, 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 Oleksandr Kubrakov, and the US Deputy National Security Advisor for International Economics Mike Pyle, with participation of the Minister of Finance of Ukraine SergiiMarchenko.
For More Information
Donor Coordination Platform for Ukraine website
Details
- Publication date
- 23 June 2023
- Author
- Directorate-General for Neighbourhood and Enlargement Negotiations