{
  "title": "Ukraine Capacity Development Fund Launches Operations",
  "publication": "IMF News, February 13, 2024",
  "sourceUrl": "https://www.imf.org/en/news/articles/2024/02/12/pr2444-ukraine-capacity-development-fund-launches-operations",
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  "summary": "The Ukraine Capacity Development Fund (UCDF), a trust fund managed and administered by the IMF, has been formally launched today at an inaugural Steering Committee meeting held in Kyiv.",
  "publishDate": "2024-02-13",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- The Ukraine Capacity Development Fund (UCDF) is a trust fund managed and administered by the IMF.\n- The UCDF was formally launched at an inaugural Steering Committee meeting held in Kyiv.\n- Purpose: to provide substantial resources for the scaling up of technical assistance and training in support of the Ukrainian government’s economic reform agenda."
    },
    {
      "heading": "Initial workplan and thematic focus",
      "content": "- The UCDF’s workplan, endorsed by the Steering Committee, focuses on core areas aligned with reforms under Ukraine’s Extended Fund Facility-supported program:\n  - fiscal reforms (including revenue mobilization, public financial management, and expenditure policy)\n  - monetary policy\n  - financial sector policies\n  - strengthening financial integrity and tackling corruption\n  - strengthening data compilation and dissemination\n  - country-tailored training and technical assistance on macroeconomic frameworks"
    },
    {
      "heading": "Funding, contributors, and timeframe",
      "content": "- Initial workplan amount: US$27.5 million.\n- Target fundraising goal: US$65 million.\n- Current resources: US$16.5 million provided by development partners: The Netherlands, Slovakia, Latvia, Japan, and Lithuania.\n- Coverage period for IMF capacity development operations: five-year period (2024-2028)."
    },
    {
      "heading": "Meeting attendance and communications",
      "content": "- The inaugural Steering Committee meeting in Kyiv was attended by:\n  - Governor of the National Bank of Ukraine Andriy Pyshnyy\n  - Minister of Finance Sergii Marchenko\n  - representatives of a number of development partners\n  - staff of the IMF\n- Press Release No. 24/44; media contact: PRESS OFFICER: Camila Perez — Phone: +1 202 623-7100 Email: MEDIA@IMF.org\n\nSource: Ukraine Capacity Development Fund Launches Operations (IMF press release, February 13, 2024).</em\n\n---\n\n\n References\n\n- Ukraine and the IMF\n- Japan and the IMF\n- Republic of Latvia and the IMF\n- Republic of Lithuania and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2024/02/12/pr2444-ukraine-capacity-development-fund-launches-operations"
    }
  ],
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    "Published: February 13, 2024",
    "The Ukraine Capacity Development Fund (UCDF) is a trust fund managed and administered by the IMF.",
    "The UCDF was formally launched at an inaugural Steering Committee meeting held in Kyiv.",
    "Purpose: to provide substantial resources for the scaling up of technical assistance and training in support of the Ukrainian government’s economic reform agenda.",
    "The UCDF’s workplan, endorsed by the Steering Committee, focuses on core areas aligned with reforms under Ukraine’s Extended Fund Facility-supported program:",
    "Initial workplan amount: US$27.5 million.",
    "Target fundraising goal: US$65 million.",
    "Current resources: US$16.5 million provided by development partners: The Netherlands, Slovakia, Latvia, Japan, and Lithuania.",
    "Coverage period for IMF capacity development operations: five-year period (2024-2028).",
    "The inaugural Steering Committee meeting in Kyiv was attended by:",
    "Press Release No. 24/44; media contact: PRESS OFFICER: Camila Perez — Phone: +1 202 623-7100 Email: MEDIA@IMF.org",
    "[Ukraine and the IMF](http://www.imf.org/external/country/UKR/index.htm)",
    "[Japan and the IMF](http://www.imf.org/external/country/JPN/index.htm)",
    "[Republic of Latvia and the IMF](http://www.imf.org/external/country/LVA/index.htm)",
    "[Republic of Lithuania and the IMF](http://www.imf.org/external/country/LTU/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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