Exchange operator Nasdaq has officially entered into a partnership agreement with the Ukrainian government, focusing on providing crucial technical assistance for the development of Ukraine’s capital markets. The memorandum of understanding, as highlighted by the U.S. Agency for International Development (USAID) on Monday, outlines Nasdaq’s role in supporting Ukraine as it prepares to launch a new International Finance Center and advances its capital markets.
USAID, known for facilitating connections between foreign investors and Ukrainian businesses, emphasized the significance of this collaboration. USAID Administrator Samantha Power stated, “This new partnership between Nasdaq and the Government of Ukraine demonstrates that Ukraine is open for business, even as they continue to fight for their freedom.”
Power also noted the increasing confidence investors have shown in Ukraine’s future, citing a substantial $4.1 billion in foreign direct investment recorded in the first three quarters of 2023, with full-year data pending.
“This partnership further underscores the attractive investment opportunities Ukraine offers. We welcome Nasdaq’s commitment to support the development of Ukrainian capital markets, which will be critical in the recovery effort,” added Power, highlighting the strategic importance of Nasdaq’s involvement in the nation’s economic recovery.
