DFC Announces U.S.-Ukraine Reconstruction Investment Fund Fully Operational and Poised for First Investments

WASHINGTON, D.C. - The U.S. International Development Finance Corporation (DFC) today held its second U.S.-Ukraine Reconstruction Investment Fund Board of Directors meeting. At the meeting, it was announced that the Fund is fully operational and poised to start diligencing its first investments in 2026.

"Activating a fund of this size and complexity in less than a year is a testament to the tireless dedication of DFC's worldclass professionals and our excellent partners in the Government of Ukraine, the U.S. Treasury, and the Department of State. Today's news is clear: The U.S. and Ukraine are ready to deploy investments that will advance shared national interests and positively impact the lives of both the American and Ukrainian people. This is the result of President Trump's commitment to securing a lasting peace," said DFC CEO Ben Black.

The Fund's board of directors, which includes DFC General Counsel Bob Stebbins and DFC Head of Investments Conor Coleman, today reached final consensus necessary to bring the Fund to full operational status. This includes approval of investment and fund polices and review of the Fund's investment strategy. This latest update follows the announcement in November of Alvarez & Marshal as the Fund Advisor.

The Fund will leverage American talent, resources, and governance standards in its partnership with Ukraine to help promote U.S. and U.S.-aligned private capital mobilization. This will spur new, strategic investment opportunities for the United States, allies, and aligned private sector partners, including multilateral development banks and other private sector investors. It will prioritize investments in critical minerals, energy, transport and logistics, information and communications technology, and emerging technology, that support supply chain resilience vital to advancing U.S. and Ukrainian economic security and prosperity.

These milestones pave the way for the Fund to begin investing in strategic deals across Ukraine, ranging from extraction of critical minerals to energy development, maritime infrastructure, and more.

The U.S.-Ukraine Reconstruction Investment Fund stands as a key pillar of the Trump administration's efforts to deliver on its economic partnership with Ukraine, harnessing American expertise and capabilities to build a more prosperous future for both the United States and Ukraine.

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The U.S. International Development Finance Corporation (DFC), established in 2019 with bipartisan support under President Trump, is the international investment arm of the U.S. Government. DFC partners with the private sector to advance U.S. foreign policy and strengthen national security by mobilizing private capital around the world. DFC invests across strategic sectors including critical minerals, modern infrastructure, and advanced technology - fostering economic development, supporting U.S. interests, and delivering returns to American taxpayers.