Ukraine, US Define Governance Structure Of Reconstruction Investment Fund

(MENAFN- UkrinForm) The U.S.-Ukraine Reconstruction Investment Fund will have a balanced governance structure with equal representation, and critical decisions will be made only by unanimous consent.

Ukraine's Ministry of Economy told this to Ukrinform.

"The Fund's leadership will include six managers - three from the Ukrainian side and three from the American side. They will form the Fund's Governing Board and serve on various committees," the ministry said.

The Fund's structure will include four committees: Operations Management Committee and Audit Committee with equal representation (two members from each side), Project Sourcing Committee with a majority from the Ukrainian side, and Investment Decision Committee with a majority from the U.S. side.

Read also: Ukraine completes domestic procedures to launch US-Ukraine Reconstruction Investment Fund

Additionally, all critical decisions will be made by the Governing Board unanimously, meaning both parties must seek consensus.

On May 13, Ukraine's Ministry of Economy signed two supplementary agreements governing the launch of the U.S.-Ukraine Reconstruction Investment Fund.

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