## Ukraine Capacity Development Fund Launches Operations

_IMF News, February 13, 2024_

## Source details

**Canonical URL:** [Ukraine Capacity Development Fund Launches Operations](https://www.imf.org/en/news/articles/2024/02/12/pr2444-ukraine-capacity-development-fund-launches-operations)

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## Bibliographic details
- Published: February 13, 2024

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### Overview and purpose
- 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.

### Initial workplan and thematic focus
- The UCDF’s workplan, endorsed by the Steering Committee, focuses on core areas aligned with reforms under Ukraine’s Extended Fund Facility-supported program:
  - fiscal reforms (including revenue mobilization, public financial management, and expenditure policy)
  - monetary policy
  - financial sector policies
  - strengthening financial integrity and tackling corruption
  - strengthening data compilation and dissemination
  - country-tailored training and technical assistance on macroeconomic frameworks

### Funding, contributors, and timeframe
- 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).

### Meeting attendance and communications
- The inaugural Steering Committee meeting in Kyiv was attended by:
  - Governor of the National Bank of Ukraine Andriy Pyshnyy
  - Minister of Finance Sergii Marchenko
  - representatives of a number of development partners
  - staff of the IMF
- Press Release No. 24/44; media contact: PRESS OFFICER: Camila Perez — Phone: +1 202 623-7100 Email: MEDIA@IMF.org

*Source: Ukraine Capacity Development Fund Launches Operations (IMF press release, February 13, 2024).*</em>

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2024/02/12/pr2444-ukraine-capacity-development-fund-launches-operations_