The Ministry of Finance of Ukraine published the outcomes of the Financial Stability Council’s 13 May meeting, held in preparation for the eighth review under the International Monetary Fund’s Extended Fund Facility programme. The Council approved amendments to the Strategy of Ukrainian Financial Sector Development and to the Lending Development Strategy, and adopted a concept note to initiate work on a Mortgage Development Strategy. Updates to the financial sector strategy add measures on legislative regulation of the Business Development Fund, development of a mortgage lending strategy, and strengthening critical infrastructure resilience and the sector’s digital operational resilience. The capital market reform agenda was revised to focus on aligning the market’s target operating model with stakeholders, including consolidation of accounting infrastructure and engagement of foreign investors, alongside implementation steps intended to support reform and private investment. Goal 3 was expanded to include a new European Integration of the Financial Sector initiative, covering deeper cooperation with EU institutions, fulfilment of programme documents, participation in the negotiation process, and implementation of EU acquis in line with European Commission screening recommendations. Amendments to the Lending Development Strategy aim to align it with the legislative roadmap under the Ukraine Facility programme, particularly on developing the nonperforming loans market and attracting foreign investment. The Financial Development Working Group under the Council was tasked with preparing coordinated materials on the mortgage strategy for further discussion, including with IMF experts. The updated strategies will be published separately following formal approval.

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