Citi Plans Ukraine Deals as Top Government Banker Retires

Citigroup Inc.’s best banker is retired for governments, but there is at least one more appointment.

In September, Julie Monaco will go to Europe for the board meeting of the Bank’s Ukrainian unit. It is a sign of Ukraine’s importance to Citigroup, the only US bank that is still operating in the country, and counts the government roughly among 500 customers. Now, Russia’s Ukrainian war is preparing for the restructuring of the country when it ends.

“There is a business that continues to grow there,” Citigroup’s Global Public Sector Banking President Monaco said in an interview. “There will be too many opportunities and will require a lot of capital.”

In his four-year career, which started in trade financing, 61-year-old Monaco helped Russia’s connection to the rapid international payment system of Russia after Soviet, helping Citigroup’s close ties with the New Zealand government, Covid-19 The vaccine initiative and the joint board Gavi recommended Gavi. He also worked on major debt agreements, including helping to be the first country to bond after Indonesia’s pande.

Monaco leaves Citigroup at a time when the government’s uncertainty about policy -making is at the highest level of all time, and most of its customers participate in geopolitical instability and debt levels.

These are previously International Finance Corp.

Citigroup, which has transformed a Kyiv Bank safe into a bomb shelter for its staff, plays an important role to use capital to Ukraine by betting the restructuring of multilateral development banks, blended finance and private investors after years of war. The Bank works with development financial institutions in the USA and the UK to provide financing to the restructuring of Ukraine before the war was over.

The World Bank, in February, is estimated to be $ 524 billion in the next decade – about 2.8 times the nominal gross domestic product of the country.

Ukraine’s energy, real estate and transportation sectors are the best candidates for the interest of foreign investors. Official, currently counting more than 200 drone companies, the developing military technology sector may also be an investment charm, he said. At the Ukrainian Rescue Conference in Rome, more investor interest will be shown in July.

Monaco warned that many investors still depend on the signing of a peace agreement.

“We still have a war to pass,” he said. “It’s hard to start big investment projects when things are still destroyed.”

In addition to Russia’s war in Ukraine, governments around the world have been imposed on the level of dominant debt levels that have grown even among the constant high borrowing costs. Monaco added that this will trigger more countries who want to sell assets to meet their reimbursement obligations.

Monaco, “We are coming to a point where we will see real actions to deal with excessive debt levels from governments,” Monaco said. “We will start to see more beings making money.”

This said that with the help of development agencies and multilateral lenders, nations can be realized with debt swaps that they borrow a little discounted and set savings for projects such as energy and food safety.

Monaco, who likes to do this under his own circumstances, is looking forward to doing this under his own circumstances – including many trips to Davos – after decades of heavy travel for decades.

“The conference halls and Starbucks look the same,” he said, “Beijing, whether in New York.”

With the help of Daryna Krasnolutska.

This article was created from an automatic news agency feeding without changing the text.