A more in-depth shot of Ukraine President Volodymyr Zelenskyy and the Ministry of Economy (MoE) meeting with senior members of J.P. Morgan.
Coutesy: JP Morgan Summit
Ukraine’s government signed an agreement with JPMorgan Chase to assist advise the war-afflicted country on its economy and future rebuilding efforts.
Ukraine’s Ministry of Economy signed a memorandum of understanding with a bunch of executives from the Recent York-based bank on Feb. 9 aimed toward rebuilding and developing the country, in response to a statement from President Volodymyr Zelenskyy.
One 12 months into its conflict with Russia, which invaded Ukraine in Feb. 2022, Ukraine’s government is laying the groundwork to assist rebuild the country. The invasion has cost 1000’s of civilian lives and set off Europe’s largest refugee crisis for the reason that second World War. It also ignited a company exodus from Russia, and has helped galvanize support for Ukraine.
JPMorgan will tap its debt capital markets operations, payments, and industrial banking and infrastructure investing expertise to assist the country stabilize its economy and credit standing, manage its funds, and advance its digital adoption, in response to an individual with knowledge of the agreement.
Of particular importance is advising the nation on efforts to boost private funds to assist it rebuild and invest for future growth in areas including renewable energy, agriculture, and technology.
“The total resources of JPMorgan Chase can be found to Ukraine because it charts its post-conflict path to growth,” CEO Jamie Dimon said in a press release.
Dimon added that the bank was pleased with its support to Ukraine and was committed to its people. The bank led a $20 billion debt restructuring for the country last 12 months and has committed tens of millions of dollars in support for its refugees.
Rt. Hon. Tony Blair, Former Prime Minister Great Britain and Condoleezza Rice, 66th U.S. Secretary of State conducted a discussion with Ukraine President Volodymyr Zelensky @ annual JPMorgan Summit held Feb 10.
Courtesy: JP Morgan Summit
On Friday, President Zelenskyy spoke via teleconference with guests of JPMorgan’s annual wealth management summit in Miami after the agreement was signed. The discussion was moderated by ex-UK Prime Minister Tony Blair and former Secretary of State Condoleezza Rice.
