During the URC2025 conference in Rome, US Treasury Secretary Scott Bessent urged international financial organizations to support the Ukraine Recovery Investment Fund, emphasizing its strategic importance for the country’s economic future. According to Bessent, the scale of the reconstruction tasks in Ukraine is so vast that diplomatic and governmental resources are insufficient for their implementation, making the attraction of private capital critically necessary for sustainable development.
This is reported by Finway
The Importance of Private Capital in Ukraine’s Reconstruction
The US Treasury Secretary expressed hope that multilateral development banks and other international financial organizations would join in co-investing in the fund. This would enable the effective mobilization of American resources, expertise, and management standards to create a favorable investment environment in Ukraine. Such an approach, according to Scott Bessent, would foster long-term economic growth and enhance the confidence of international investors in the Ukrainian market.
He emphasized that Ukraine’s reconstruction needs are enormous, and diplomatic partners cannot meet them alone. Therefore, he stated, private capital is essential to complement public investments and stimulate long-term economic growth.
Forming an International Financial Coalition
The US administration is not limited to creating its own investment tool but is actively positioning the Ukraine Recovery Investment Fund as a central platform in the international financial system aimed at supporting the country’s recovery. In this way, the United States seeks to form a broad financial coalition around this fund, transforming it from a bilateral initiative into a key element of global efforts to restore the Ukrainian economy.