Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor

Ukraine's authorities signed an statement with JPMorgan Chase to assistance counsel the war-afflicted state connected its system and aboriginal rebuilding efforts.

Ukraine's Ministry of Economy signed a memorandum of knowing with a radical of executives from the New York-based slope connected Feb. 9 aimed astatine rebuilding and processing the country, according to a statement from President Volodymyr Zelenskyy.

One twelvemonth into its struggle with Russia, which invaded Ukraine successful Feb. 2022, Ukraine's authorities is laying the groundwork to assistance rebuild the country. The penetration has outgo thousands of civilian lives and acceptable disconnected Europe's largest exile situation since the 2nd World War. It besides ignited a corporate exodus from Russia, and has helped galvanize enactment for Ukraine.

JPMorgan volition pat its indebtedness superior markets operations, payments, and commercialized banking and infrastructure investing expertise to assistance the state stabilize its system and recognition rating, negociate its funds, and beforehand its integer adoption, according to a idiosyncratic with cognition of the agreement.

Of peculiar value is advising the federation connected efforts to rise backstage funds to assistance it rebuild and put for aboriginal maturation successful areas including renewable energy, agriculture, and technology.

"The afloat resources of JPMorgan Chase are disposable to Ukraine arsenic it charts its post-conflict way to growth," CEO Jamie Dimon said successful a statement.

Dimon added that the slope was arrogant of its enactment to Ukraine and was committed to its people. The slope led a $20 cardinal indebtedness restructuring for the state past twelvemonth and has committed millions of dollars successful enactment for its refugees.