The Ministry of Finance of Ukraine, together with the National Bank of Ukraine, the National Securities and Stock Market Commission, the Deposit Guarantee Fund, and the Ministry of Economy of Ukraine, published an end-2024 progress update on the Strategy of Ukrainian Financial Sector Development, reporting positive dynamics across all strategic-goal indicators and that 87% of measures have been completed or are being implemented on schedule. Four measures were reported as completed: expanding the range of government bonds, adopting the National Revenue Strategy for 2024–2030, improving corporate governance in the financial sector, and enhancing issuers’ disclosure. The largest measured progress was recorded under Goal I (Macroeconomic Stability) at 25%, followed by Goal II (Financial Stability) at 7%, with many remaining measures described as long-term and dependent on legislative initiatives. The update also highlights 2023–2024 deliverables including strategies covering foreign exchange restrictions and the return to inflation targeting, medium-term public debt (2024–2026), lending development, the Business Development Fund, and financial literacy to 2030, alongside public finance and investment management improvements, a resilience assessment including an asset quality review of 20 largest banks under a baseline scenario, new laws on credit unions and agrarian notes, acceptance of foreign-issued securities into circulation in Ukraine (including S&P 500 securities and debt securities), amendments to capital markets supervision legislation, and a pilot project for registering credit-linked note issuance. Citing the ongoing full-scale war and uncertainty, the Financial Stability Council approved on 13 May 2025 the initiation of an update to the Strategy, with the revised version being prepared for approval and publication.
Ministry of Finance (Ukraine) 2025-06-04
Ministry of Finance of Ukraine and regulators report 87% implementation of the Financial Sector Development Strategy and start preparing an update
Ukraine's Ministry of Finance and financial authorities report 87% of the Financial Sector Development Strategy's measures are completed or on schedule. Achievements include expanding government bonds, adopting the National Revenue Strategy, and improving corporate governance. Due to war-related uncertainties, the Financial Stability Council is updating the Strategy, with a revised version pending approval.