He focused on the state of Ukraine’s financial sector after Russia’s massive invasion.
A World Bank technical assistance mission to support the financial sector has begun its work in Ukraine. This was reported on May 9 by the press service of the National Bank.
function news4587090() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4587090&lang=2&IsAjax=true’, function (data) { $(‘#nk4587090’).html(data); });
}
news4587090();
It was noted that the focus of his attention was the state of the financial sector of Ukraine after the full invasion of Russia, the measures taken by the NBU to maintain financial stability, improve the regulation of banking and non-banking financial markets , as well as World Bank assistance aimed at it.
The mission will run for five days in a hybrid format – offline and online. Experts will participate in the meetings from Vienna and Kyiv.
On the first day of work, an online meeting was held between the leadership of the NBU and the World Bank.
The head of the National Bank Andriy Pyshny emphasized that the delegation is waiting for the expertise of the World Bank on issues such as working with non-performing loans in the banking sector, increasing the stability of the financial system during the war, including due to the assessment of the quality of banking assets.
In addition, he focused on the importance of the block of issues of the non-banking sector, in particular, on the challenges faced by the Ukrainian insurance market.
Pyshny emphasized that the development of a military-political risk insurance system is an important priority for the NBU, because without this type of insurance it is impossible to ensure the arrival of investors to Ukraine.
“We are working hard to move from discussing the concept of insurance of military-political risks to an operational plan as soon as possible. We are ready to move on this issue very quickly and move to concrete actions,” added head of the NBU.
Recall that the National Bank began assessing the stability of banks and the banking system of Ukraine.
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.