Ukraine to sign memorandum on stock market infrastructure development next week

Ukraine to sign memorandum on stock market infrastructure development next week

Ukrinform
Next week, the Ukrainian authorities will sign a memorandum on the development of stock market infrastructure with the EBRD, the American Chamber of Commerce, and USAID.

"We are working on the development of the stock market infrastructure. Already next week we will sign a memorandum with the European Bank for Reconstruction and Development, the American Chamber of Commerce, and USAID on development and procurement. A rather big sum of money is provided for the clearing system for stock market development in Ukraine," Prime Minister Denys Shmyhal said at the opening of the UkraineInvest Talks Dnipro international investment forum, an Ukrinform correspondent reports.

According to him, it will be possible to fill the stock market with a number of tools, including the launch of a defined contribution pension system. A draft law has already been agreed on with the relevant parliamentary committee.

"We will continue to ask the committees and the parliament to support this draft law. It provides an investment resource of approximately up to $50 billion in developed countries actually in 10-15 years, and Ukraine is no exception. This will be a resource accumulated from these non-state pension funds," the Prime Minister said.

The UkraineInvest Talks Dnipro forum is aimed at popularizing the investment environment in Ukrainian regions. Mayors, representatives of the business community, international financial organizations, and the expert community participate in the event.

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