JP Morgan to help Ukraine attract investment for reconstruction - economy ministry

JP Morgan to help Ukraine attract investment for reconstruction - economy ministry

Ukrinform
The investment company JP Morgan will help Ukraine attract private investments for the country’s reconstruction.

This is reported by Ukrinform with reference to the Economy Ministry’s press service.

The Ukrainian side and JP Morgan are reported to have signed a memorandum of understanding.

"JP Morgan has years of experience in managing assets and interacting with the public sector. Its experts are aware of the nuances of combining state and private capital in order to obtain additional leverage – credit financing," says the Ministry of Economy.

Read also: PM Shmyhal meets with J.P. Morgan representatives

According to the memo, JP Morgan will consult Ukraine regarding

financial stabilization – development and coordination of debt refinancing and restructuring strategies;

obtaining sovereign credit ratings;

management of state liquidity assets;

digitalization of the economy;

exploring opportunities for establishing close economic ties with Europe; and

creating an institution to guide and protect public and private sector investment and/or facilitate trade flows.

In addition to signing the memorandum, the parties agreed to include JP Morgan representatives in the group of advisers and representatives of the capital market’s financial investment sector together with BlackRock.

"Also, agreements were reached on the use of a number of financial mechanisms that will allow Ukraine in the near future to attract spot financing, in particular, from the U.S. Treasury," the report says.

As Ukrinform reported earlier, Prime Minister Denys Shmyhal, during a meeting with representatives of the largest U.S. banking holding JP Morgan, spoke about the most promising areas of investment in Ukraine.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-