White House to cooperate with Ukraine’s government within Donor Coordination Platform

Prime Minister of Ukraine Denys Shmyhal and Minister of Finance of Ukraine Sergii Marchenko met with Mike Pyle, U.S. Deputy National Security Advisor for International Economics, co-chairman of the Multi-agency Donor Coordination Platform for Ukraine, during the Spring Meetings of the World Bank Group and the IMF.

As the press service of the Ministry of Finance of Ukraine informs, the parties discussed cooperation within the Donor Coordination Platform and the implementation of rapid and large-scale recovery and fundraising.

According to the RDNA2 report of the Government of Ukraine, the World Bank, the European Commission, and the United Nations, Ukraine needs $14.1 billion in 2023. The total cost of the country’s restoration is estimated at $411 billion.

"Ukraine has a long road to recovery ahead of it, and we hope that the Coordination Platform will play an important role in mobilizing resources for the reconstruction of the country," Marchenko said.

The priority of the Government of Ukraine is to ensure coordinated, transparent and accountable use of financial support, the Finance Minister added.

Pyle confirmed his intention to closely cooperate with the Government of Ukraine, in particular within the framework of the Platform, to attract and coordinate the necessary resources.

As reported, the Multi-agency Donor Coordination Platform for Ukraine was launched on January 26 with its inaugural Steering Committee meeting. The second meeting of the Platform took place on April 5. The initiative was launched to coordinate existing and new mechanisms for supporting the budget of Ukraine, as well as rapid recovery and reconstruction.

Photo: Denys Shmyhal, Telegram