The world's largest investment company BlackRock will accompany the Development Fund of Ukraine

President of Ukraine Volodymyr Zelenskyy held a meeting with the management of the world's largest asset management company BlackRock. The parties discussed the details of the creation of an investment fund for the recovery of the economy of Ukraine with the involvement of public and private capital, the OP press service informs, writes liga.net.

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According to the results of the meeting, the Ministry of Economy signed an agreement with BlackRock Financial Market Advisory on the provision of support services to the Development Fund of Ukraine.

The main goal of creating the fund is to attract private and public capital for the implementation of large-scale business projects in Ukraine.

"This will be a strong signal for improving the investment climate. This is important not only for our people, for our society, but also for business, for entrepreneurs abroad. Now is a historic moment, because since the first days of independence, we have not had such huge investment cases in Ukraine. We are proud that we can initiate such a process," 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, etc.

The President emphasized that the foundation and launch of the fund will make it possible to attract capital and begin the restoration of the country's economy and the creation of new enterprises immediately after the cessation of active hostilities.

"We will be able to offer interesting projects for investment in energy, security, agriculture, logistics, infrastructure, medicine, IT, as well as in many other fields. We want global partners to come who can provide us with large investments," said Volodymyr Zelenskyi.

Charles Khatami, who oversees BlackRock FMA as global head of the Financial and Strategic Investors Group (FSIG), said: “This is a historic moment, if not the greatest opportunity to bring the private and public sectors together at a time when technological innovation can catalyze further development. I think that you will be able to make your contribution to the global economy, use innovations."

• In November, the Ministry of Economy signed a memorandum with BlackRock on the development of a special platform for attracting private capital for the reconstruction of Ukraine.
• According to the estimates of the Ministry of Economy, for the "economic miracle" Ukraine needs investments in the amount of $70-80 billion per year.

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