The Steering Committee of the Multi-agency Donor Coordination Platform for Ukraine discussed the vision of Ukraine’s recovery, modernisation and capacity to absorb donor funding for these purposes

During the working meeting in Brussels, the Government of Ukraine presented the ongoing work on the Ukraine Plan, a medium-term growth strategy for the country, which will be supported by the EU’s 4-year, EUR 50 bln Ukraine Facility initiative. It has four main objectives, including

–  provide a coherent roadmap for Ukraine’s reforms and investments;
 – increase growth potential; 
 – help with recovery and modernisation;
 – facilitate EU accession and strengthen macro-financial stability.

The Steering Committee discussed the possibility of using the Ukraine Plan as a starting point for coordinated donor support and a reform/investment roadmap.

In addition, the Government of Ukraine, the European Commission and the International Monetary Fund briefed the Steering Committee on Ukraine’s progress in implementing the EFF’s 4-year, USD 15.6 bln Extended Fund Facility and the reforms needed for Ukraine’s economic future.

The Multi-agency Donor Coordination Platform for Ukraine  was launched on 26 January 2023 at the first Steering Committee meeting. It brings together senior officials from Ukraine, the EU, G7 countries, and partners of international financial institutions, including the European Investment Bank, the European Bank for Reconstruction and Development, the International Monetary Fund, and the World Bank, to coordinate efforts to meet Ukraine’s financial needs in both the short and medium term.

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