Ukraine Donor Platform confirms continued strong support for Ukraine’s recovery and reconstruction
On 2 April, the Ukraine Donor Platform’s Steering Committee held its thirteenth meeting, gathering for the second time in person in Ukraine’s capital Kyiv.
The meeting brought together senior representatives of Platform members, observers, and International Financial Institutions. Team Europe was represented by the European Commission and 14 EU Member States (six Platform members and eight observers).
During the meeting, the European Commission reiterated the EU’s unwavering commitment to supporting Ukraine until it achieves a just and lasting peace, and along its path towards EU membership.
“The EU will continue to provide Ukraine with regular and predictable financial assistance and remains committed to supporting Ukraine’s repair, recovery and reconstruction needs, in coordination with international partners and the private sector,” the European Commission said in a press release.
Ukraine confirmed its external financing needs for 2025, projected at U$39.3 billion. So far this year, the EU has disbursed €7.5 billion under the Ukraine Plan and the exceptional Macro-Financial Assistance (MFA) loan (which amounts in total to €18.1 billion), and expects to further disburse up to €23.1 billion in the course of 2025. This means that up to 84% of Ukraine’s external financing needs this year will be covered by the EU, the Commission said.
Ukraine also updated on its progress towards an effective, transparent and well-coordinated public investment management (PIM) system. The system will streamline strategic planning, prioritisation mechanisms and medium-term budgeting across all levels of government, while also taking into account its EU accession path. An integral part will be the two project preparation facilities under development – the Ukraine Government Project Preparation Facility (PPF), to be administered by the Government of Ukraine with support from the World Bank, and the Ukraine Facility for Infrastructure Reconstruction (FIRST), to be administered by the EIB and EBRD and supported by the Commission with €20 million. The facilities are expected to be operational by the next Ukraine Recovery Conference (URC 2025), which will be hosted by the Governments of Italy and Ukraine in Rome on 10-11 July 2025.
The Ukraine Donor Platform (initially called the “Multi-Agency Donor Coordination Platform for Ukraine”) was launched on 26 January 2023 to coordinate donors’ efforts to address Ukraine’s financing needs, both in the short to medium-term.
The next Steering Committee meeting is expected to take place on the margins of URC 2025.
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