The National Bank of Ukraine (NBU), alongside the Ministry of Finance of Ukraine, the National Securities and Stock Market Commission, the Deposit Guarantee Fund and the Ministry of Economy of Ukraine, published a progress report on implementing the Ukrainian Financial Sector Development Strategy unveiled in August 2023. As of end-2024, all indicators used to track the Strategy’s strategic goals showed positive dynamics, with 87% of measures either completed or being implemented on schedule. Four measures were reported as completed, covering an expanded range of government bonds, adoption of the National Revenue Strategy for 2024–2030, improved corporate governance in the financial sector and enhanced issuer disclosure. Progress to date was strongest under the Sustainable Public Finances initiative and the macroeconomic stability goal (25%), with financial stability second (7%), while many measures are long-term and depend on legislative initiatives by the Verkhovna Rada. The report also highlights 2023–2024 deliverables including a strategy for easing foreign exchange restrictions and returning to inflation targeting, a 2024–2026 medium-term debt strategy, lending and financial literacy strategies, a resilience assessment covering an AQR and capital adequacy needs for 20 largest banks, new laws on credit unions and agrarian notes, acceptance of foreign-issued securities into circulation in Ukraine including S&P 500 securities, amendments to capital and commodity market supervision legislation and a pilot project for registering credit-linked note issuance. The Financial Stability Council approved updating the Strategy on 13 May 2025, and the revised Strategy is being prepared for approval and publication.
National Bank of Ukraine 2025-06-04
National Bank of Ukraine reports 87% of financial sector development strategy measures implemented or on schedule and readies an updated strategy
The National Bank of Ukraine, with key financial authorities, reported progress on the Ukrainian Financial Sector Development Strategy, with 87% of measures completed or on schedule by end-2024. Achievements include expanded government bonds, a National Revenue Strategy, and improved corporate governance. The Financial Stability Council approved an update to the Strategy, with a revised version pending approval and publication.