Close-up of Ukrainian President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of JP Morgan.
Coutesy: The JP Morgan Summit
The Government of Ukraine signed an agreement with JPMorgan Chase to help advise the war-affected country on its economy and future reconstruction efforts.
The Ministry of Economy of Ukraine signed a memorandum of understanding with a group of executives of the New York-based bank on February 9 for the purpose of reconstruction and development of the country. declare from President Volodymyr Zelenskyy.
A year after the conflict with Russia, which invaded Ukraine in February 2022, the Ukrainian government is laying the groundwork to help rebuild the country. The invasion claimed the lives of thousands of civilians and triggered Europe’s biggest refugee crisis since World War Two. It also burns a corporate migration from Russia, and helped increase support for Ukraine.
JPMorgan will tap debt capital markets operations, payments, commercial banking and infrastructure investment expertise to help stabilize the country’s economy and credit rating, manage funds and promote employment. digital adoption, according to a person familiar with the deal.
It is especially important to advise the country on private fundraising efforts to help the country rebuild and invest in future growth in areas including renewable energy, agriculture and technology. .
“The full scope of JPMorgan Chase’s resources are available to Ukraine as the country plots a path of post-conflict development,” CEO Jamie Dimon said in a statement.
Dimon added that the bank is proud of its support for Ukraine and its commitment to its people. The bank has led a Restructuring 20 billion USD debt for the country last year and has pledged millions of dollars in aid to the refugees.
Rt. Sir. Tony Blair, Former Prime Minister of the United Kingdom, and Condoleezza Rice, the 66th Secretary of State of the United States, conducted discussions with the President of Ukraine Volodymyr Zelensky @ the annual JPMorgan Summit held on February 10.
Courtesy: JP Morgan Summit
On Friday, President Zelenskyy spoke by phone with guests of JPMorgan’s annual wealth management summit in Miami after the deal was signed. The discussion was moderated by former UK Prime Minister Tony Blair and former Foreign Secretary Condoleezza Rice.
