The BlackRock investment company will support the Development Fund of Ukraine
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President of Ukraine Volodymyr Zelenskyi held a meeting with the management of the world’s largest asset management company BlackRock. This was reported by the press service of the Office of the President.
Photo: president.gov.ua 0
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The parties discussed the details of the creation of an investment fund to restore the economy of Ukraine with the involvement of public and private capital.
Following the meeting, the Ministry of Economy of Ukraine signed an agreement with BlackRock Financial Market Advisory on the provision of support services to the Development Fund of Ukraine.
The main goal of the foundation is to attract private and public capital for the implementation of large-scale business projects in Ukraine.
As Zelensky stated during the meeting, during the period of independence, truly large and strategic private capital did not come to Ukraine in volumes that would correspond to the scale and capabilities of the country.
This will be a powerful signal to improve the investment climate. This is important not only for our people, for society, but also for business, for entrepreneurs abroad,” the head of state said.
According to him, for the transparency and success of the project implementation, Ukraine attracts the best financial and consulting organizations in the world: BlackRock, JP Morgan, McKinsey.
The President also emphasized that the foundation and launch of the fund will allow attracting capital and starting the recovery of the country’s economy and the creation of new enterprises immediately after the cessation of active hostilities.
We can offer interesting projects for investments in energy, security, agriculture, logistics, infrastructure, medicine, IT, as well as in many other industries. We want global partners to come who can give us big investments,” Zelensky noted.
Read also: BlackRock in Ukraine: what the investment giant will actually do here
Charles Khatami, who oversees the work of BlackRock FMA as the global head of the Financial and Strategic Investors Group (FSIG), said that it is a great honor for BlackRock to help the Ukrainian people by advising the government on the launch of the Ukrainian Development Fund.
“The recovery of the country will create significant opportunities for investors to participate in the recovery of the economy. The investment challenge facing Ukraine in the coming years will be huge. And only thanks to the close cooperation of state and private capital, we will be able to solve the problem of the necessary financing,” Khatami noted.
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News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance
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