The memorandum provides for the creation of a holistic market infrastructure – from trading exchange to clearing and calculations.
Kyiv and the European Bank of Reconstruction and Development (EBRD) in the field of Roman Construction and Development Restoration of Ukraine signed a memorandum of understanding cooperation in support of the combined infrastructure of capital markets in the country, which provides for the launch of a new stock exchange. This was reported by the Ministry of Finance.
The memorandum provides for the creation of a holistic market infrastructure -from trade exchanges to clearing, calculations and storing security.
The document provides for:
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the creation of a single handling, which combines basic market infrastructure institutions;
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State participation in a new structure at a level of at least 25%;
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attracts a international strategic investor through a public competition;
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launching a new stock exchange;
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Opportunity of National Deposit Management and Center for Revision.
The Memorandum was signed by the Minister of Finance Segey Marchenko, first Deputy Prime Minister Yulia Sviridenko, Chairman of the National Bank of Ukraine Andrei Pyshny, Acting Chairman of NCCFR Yaroslav Shlyakhov and President EBRD Odil Reno-Basso.
The next step is to introduce legislative changes, holding a competition to attract an investor and reform to manage market institutions.
As you know, up to December 31, 2024, the total cost of recovery in Ukraine is estimated to be $ 524 billion in the next decade. Such data was revealed in a rapid analysis of damage and need for recovery (RDNA4), published by the World Bank.
Earlier, Japan announced the creation of the Council for the restoration of Ukraine.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.