Ukraine and the European Bank for Reconstruction and Development (EBRD) signed a Memorandum of Understanding on cooperation in supporting the integrated infrastructure of capital markets in Ukraine, which provides for the launch of a new stock exchange. About this reported Ministry of Finance.
The signing of the document took place within the framework of the Rome Conference on the Restoration of Ukraine. The memorandum envisages the creation of a full-fledged infrastructure for the capital market — from exchange trading to clearing, settlement and storage of securities.
It is planned to create a single holding that will unite key market institutions. The state will participate in the new structure at the level of at least 25%. It is also planned to attract an international strategic investor through a public tender, launch a new stock exchange and optimize the management of the National Depository and the Settlement Center.
“This is a strategic step towards the formation of a full-fledged, liquid capital market, which will become a source of financing for the recovery and growth of the Ukrainian economy”, the Ministry of Finance said in a statement.
The memorandum was signed by Finance Minister Serhiy Marchenko, First Deputy Prime Minister Yulia Svyridenko, NBU Chairman Andriy Pishnyi, acting Yaroslav Shlyakhov, head of the NCCPFR, and Odile Renaud-Basso, president of the EBRD. The next stage will be making the necessary changes to the legislation, holding a competition to attract investors and reforming the management of market structures.
