Hildebrand Says Investors Target $15 Billion to Rebuild Ukraine
- Ukraine Development Fund to be registered in Luxembourg
- BlackRock and JPMorgan working on public and private venture
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A program for private investors to help rebuild Ukraine is aiming to provide $15 billion of funding with support from state bodies and capital markets.
The Ukraine Development Fund is on track to secure at least $500 million from countries, development banks and other grant providers, along with $2 billion from private investors, according to Philipp Hildebrand, vice chairman of BlackRock Inc. who is among the financiers leading the discussions.