You know, they are in closed doors right now, in Vilnius, trying to hammer out what that means - what Biden said [Ukraine being on the way to Nato, but no membership plan yet, being made interoperable with Nato], I think there is such pressure, to find a way to include Ukraine, but not fully include Ukraine. What I think you know, there was a conference at the beginning of June in London about reconstruction of Ukraine. One would hope that at this gathering, there would be some attention payed to what may mean a trillion dollars for the world community [rebuilding costs of Ukraine] and what was ponied up in London was something like 15 billion [largely part of the EU reconstruction fund, to be payed out in tranches, btw.]. There are reports now, that Zelenskyy has set up an office in Kiev for economic development which Blackrock has played a major role in, so I fear that as we witnessed the militarization and the war proceeding, the future of Ukraine is being negotiated in other places […]
Ahhh… so gut das zu hören! Wo doch Selenskyj noch am ersten Tag der Geberkonferenz in London verlautbaren lassen hat er müsse sich selbst (!) noch einen ökonomischen Plan für die Ukraine ausdenken!
Ja, ja. Denk. Denk.
Seine erste Idee war ja eigentlich Rock Red. Das war ihm dann aber zu wenig patriotisch.
Dann ist er vermutlich bei Blue, yellow Rock als Namen für den Aufbauplan gelandet, weil er sich gedacht hat - fangt er halt einmal mit dem Namen an, der ist ja auch nicht unwichtig.
Dann haben Selenskyj aber gottseidank seine Berater doch noch davon überzeugen können, dass er doch besser Blackrock nimmt, dann muss er sich auch nicht so schwer noch weiter was überlegen, und kann sofort ins Kinderzimmer zurück um mit dem grauen Panzer zu spielen, den er erst im März vom Großvati geschenkt bekommen hat.
*hustkeuch*
Kommt zurück in die Ukraine, geflüchtete Ukrainer! In ein Land das aufgrund der aktiven US Militärstrategie noch mehrere Jahre im Krieg verbleiben wird - das aber bereits jetzt mit Infrastrukturinvestments beginnen muss, damit ihm nicht noch mehr Einwohner wegrennen - auch wenn diese dann zerbombt werden dürften. Das aktuell “wir bauen Kindergärten” Spots im Staatsfernsehen senden muss, weil es demographisch bereits Richtung terminal decline unterwegs ist (Hälfte der Bevölkerung weg, und zwar die jüngere, besser ausgebildete) -- und dessen ökonomische und institutionelle Zukunft nunmehr seit drei Wochen von Blackrock gestaltet wird!
Wo kann ich mich für die Staatsbürgerschaft anmelden? Ich meine, damit ich dann automatisch EU Bürger werde natürlich, also wenn ich nicht schon einer wäre.
Eigentlich 1A dieses “die Ukraine muss alles selbst entscheiden” Konzept - dieser so bestimmende Wahlspruch europäischer, was wars noch gleich…? Sorry hab das Wort vergessen, kann nicht jemand bei McKinsey anrufen, damit die ab jetzt meine Blogeinträge schreiben?
Macron darf ja seit dem Monat nicht noch mehr externe Berater einstellen… Da können die da doch sicher einen abstellen.
Macron govt must limit use of private consultancy firms, watchdog says
France’s government must further rein in sometimes “inappropriate” hiring of consultancies, the country’s Court of Auditors said Monday, responding to public outcry over an issue that hobbled President Emmanuel Macron’s reelection campaign last year.
src: click
Naja wenigstens McKinsey und nicht Blackrock… Sorry Ukraine, die Ukraine meine ich.
Der gehts ja aktuell nur mehr nur so, so…
Hab ich gehört.
Wobei sich aber auch Blackrock die attraktivsten Investitionsobjekte als erstes heraussuchen darf. Als Vermittlungsprovision.
edit: Sorry, ich Dummerle, McKinsey ist natürlich ebenfalls eingebunden… Ich mein, wie konnt ich nur…
“So many of today’s long-term challenges are best addressed through blended finance and this is one. You need these vehicles to mobilise capital at scale,” said BlackRock vice-chair Philipp Hildebrand, who will be discussing the work on Wednesday.
The World Bank estimated in March that Ukraine would need $411bn to rebuild after the war, and recent Russian attacks have driven that figure higher.
The Kyiv government engaged BlackRock’s consulting arm in November to determine how best to attract that kind of capital, and then added JPMorgan in February. [Sicher eine Europäische Bank, diese JPMorgan, nicht? Wo wir doch die Mehrheit des finanziellen Investments stellen. Oder? Nein? Schade eigentlich.] Ukraine president Volodymyr Zelenskyy announced last month that the country was working with the two financial groups and consultants at McKinsey.
[…]
BlackRock and JPMorgan are donating their services, although the work will give them an early look at possible investments in the country. The assignment also deepens JPMorgan’s relationship with a longstanding client. The bank has helped Ukraine raise more than $25bn in sovereign debt since 2010 and led the country’s $20bn debt restructuring last year.
The financiers consulted with private and public sector investors and found they wanted to help Ukraine but were leery not just about war losses but also the country’s governance, lack of transparency and shallow capital markets.
What Ukraine needed, BlackRock advised, was a development finance bank to find investment opportunities in sectors such as infrastructure, climate and agriculture and make them attractive to pension funds and other long-term investors and lenders. JPMorgan was brought in partly for its debt expertise.
“The fund is being set up to also give public and private sector investors the opportunity to invest into specific projects and sectors,” said Stefan Weiler, JPMorgan’s head of debt capital markets for central Europe, Middle East and Africa. “There will be different sectoral funds that the fund identified as priorities for Ukraine. The aim is maximise capital participation.”
The structure calls for the fund to use the lower-cost public money, known as concessional capital, to make initial investments and absorb the first losses.
“The notion is that this initial seed capital would be a de-risking mechanism, and it would create the potential for private sector capital to come in at scale,” said Brandon Hall, co-head of BlackRock’s Financial Markets Advisory arm. “Ukraine will have its own organisation to source and syndicate these local investment opportunities.”
To overcome investor concerns about governance, the fund is expected to stock its board with representatives of international financial institutions and governments and hire investment professionals to execute its strategy.
“Our view is that if you have a strong governance structure and an internationally credible set of stakeholders who are in the leadership position in this fund, then that will go a long way,” Hall said.
BlackRock’s advice has drawn on its work for the Saudi National Development Fund and the Climate Finance Partnership, a blended finance vehicle that directs investment into sustainability projects in emerging markets. McKinsey did not respond to a request for comment.
At present, the Ukraine work is focused on setting up the structure, governance and practical procedures because most investors want to wait for the end of hostilities. “The important part is that Ukraine is already thinking ahead,” Weiler said. “When the war is over, they’re going to want to be ready and start the rebuilding process immediately.”
src: click
