The document is based on countering the challenges of war and supporting the country’s economic recovery.
Ukraine approved a new strategy for the development of the financial sector. This was reported on August 29 by the press service of the National Bank (NBU).
The document establishes current priorities and goals for the development of the financial sector, focused on the fight against Russian aggression and the reconstruction of the country. Its development is provided by the Memorandum on economic and financial policy between Ukraine and the International Monetary Fund.
The decision on the strategy was made by the NBU, the Ministry of Finance, the National Securities and Stock Market Commission and the Deposit Guarantee Fund of Individuals at a meeting on August 19.
It is calculated until 2025 and provides for the joint actions of regulators and the Deposit Guarantee Fund in the financial sector, aimed at achieving macroeconomic stability, financial stability, the work of the financial system to restore the country, modern services in finance, the institutional capacity of regulators and DGF.
The strategy is open-ended and the proposals it provides are conditionally divided into short-term, which will be updated and added, as well as medium-term, which will be the basis for future economic recovery and growth.
One of the priority tasks is the measures to restore the financial infrastructure in the unoccupied territories, ensure barrier-free and inclusive financial sector.
Particular attention in the document is paid to the implementation of European legislation and the best practice in the world in the field of regulation and supervision of the financial sector, settlement of insolvency and withdrawal from the market of participants in financial institutions.
It was previously reported that real GDP in the second quarter of this year grew by 20% compared to the same period last year.
Source: korrespondent
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