Yesterday, the Steering Committee of the Multi-agency Donor Coordination Platform for Ukraine met for the third time this year, in a virtual format, to discuss the extensive work of the Platform members to ensure that Ukraine’s urgent priority needs for early recovery this year are met and how to engage the private sector ahead of the upcoming Ukraine Recovery Conference 2023 in London.
The meeting, co-chaired by Gert Jan Koopman (Director-General for Neighbourhood and Enlargement Negotiations), together with Sergii Marchenko (Finance Minister of Ukraine) and Mike Pyle (US Deputy National Security Advisor for International Economics), confirmed the Platform's vital role as a catalyst for mobilising international commitments to respond to Ukraine's priority needs in 2023 and beyond, and to facilitate ever-closer coordination to help meet the needs on the ground.
The Steering Committee, taking into account funding announced by Platform members, international financial institutions and EU Member States, identified next steps aimed at further progress ahead of the Ukraine Recovery Conference towards closing the financing gap between international contributions and urgent priority needs in Ukraine, identified in the second Rapid Damage and Needs Assessment report. The priority sectors include energy infrastructure, humanitarian demining, critical and social infrastructure, housing and support to the private sector. The EU is contributing to fast recovery with €1 billion, as announced by President von der Leyen during the EU-Ukraine Summit in February.
It is crucial that the funding towards 2023 needs is allocated to where it is needed most; next steps will include developing a more detailed list of projects and matching them with donor support.
Ahead of the upcoming Ukraine Recovery Conference 2023 in London, the Steering Committee further exchanged about private sector dynamics and the business environment in Ukraine. Innovative instruments to de-risk investments are also important, while Ukraine needs to continue work on reforms, including to improve the investment climate.
Transparency and accountability of the reconstruction process, remain essential.
The Steering Committee will continue meeting regularly to coordinate both short and medium-term activities of Platform members and strategically facilitate the long-term sustainable recovery and reconstruction of Ukraine. The next Steering Committee meeting will take place in person on the margins of the Ukraine Recovery Conference 2023 that will take place on 21-22 June in London.
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, 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
For More Information
- Publication date
- 27 May 2023
- Directorate-General for Neighbourhood and Enlargement Negotiations