DFC's U.S.-Ukraine Fund Fully Operational, First Investments in 2026

WASHINGTON, D.C. – In a significant development, the U.S. International Development Finance Corporation (DFC) has announced that its U.S.-Ukraine Reconstruction Investment Fund is now fully operational, with the first investments set to be evaluated by 2026. This progress marks a new phase in U.S.-Ukraine economic cooperation, aimed at fostering peace and shared prosperity.

“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 recent board meeting, comprising key members like DFC General Counsel Bob Stebbins and DFC Head of Investments Conor Coleman, achieved the final consensus required to fully operationalize the Fund. This included establishing the investment strategy and fund policies, further building on the November announcement of Alvarez & Marshal as the Fund Advisor. More details can be found here.

In partnership with Ukraine, the Fund aims to leverage U.S. talent and resources to attract American and U.S.-aligned private capital. Strategic investments will focus on sectors such as critical minerals, energy, transport, logistics, ICT, and emerging technologies. These sectors are crucial for enhancing supply chain resilience and ensuring economic security for both nations.

The groundwork is laid for strategic investments across Ukraine, covering diverse areas such as critical mineral extraction, energy innovations, and maritime infrastructure enhancements.

The U.S.–Ukraine Reconstruction Investment Fund is a cornerstone of the Trump administration’s strategy to reinforce its economic ties with Ukraine, utilizing American expertise to pave the way for a mutually prosperous future.

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The U.S. International Development Finance Corporation (DFC), founded in 2019 with bipartisan support under President Trump, serves as the U.S. Government's international investment arm. It collaborates with the private sector to promote U.S. foreign policy and national security by mobilizing private capital globally. DFC’s investments span strategic sectors such as critical minerals, modern infrastructure, and advanced technology, fostering economic growth, supporting U.S. interests, and delivering returns to American taxpayers.