The NBU was one of the first among public sector authorities to develop a new institutional Strategy focused on the resistance to russian aggression and the country’s reconstruction.
Following the two-year implementation, the NBU Strategy 2025 was revised in 2023 in the wake of the full-scale military invasion by russia.
The new Strategy takes into account the impact of russian invasion on the conditions of the financial system’s functioning.
The NBU’s Vision and Mission have been revised to meet the challenges of military aggression.
In order to successfully implement the NBU’s Vision and Mission amid current conditions and to live up to the expectations of customers, the NBU’s strategic objectives take into account the challenges that arise in two areas: resistance to russian aggression and Ukraine’s reconstruction.
What we observe today is that the high level of uncertainty and volatile environment require flexibility in planning and the use of implementation tools to respond more quickly and effectively to changes. Amid this uncertainty, we plan a zone of certainty and devise alternative action plans in advance for any scenario.
The NBU is capable of fulfilling its mandate under any conditions and unite the key players of the financial ecosystem to maintain the country’s financial resilience and ensure the financial inclusion of citizens.
The NBU’s strategic goals are focused on its main functions – to ensure the price and financial stability – and on supporting the country’s efforts for victory.
The Strategy will be implemented according to five strategic development goals. The first four goals are external and aimed at meeting the needs of financial ecosystem participants. The fifth goal – Effective Central Bank – aims to improve the carrying out of the NBU’s Mission and Vision through internal transformation.
The strategic goals are detailed in 24 strategic initiatives, on which the central bank will focus in the coming years.
The new Strategy is focused on:
- Resistance – short-term measures aimed at ensuring stability and preventing a deterioration of the situation in the financial system and the economy in general, including the use of tools to control inflation and the hryvnia exchange rate, supporting the banking system, etc.
- Recovery – medium-term measures aimed at introducing transformations that will form the basis for future reconstruction and growth of the economy, for example: reducing bureaucratic barriers, enhancing transparency and competitiveness of the environment, attracting investments, etc.
- Both focus points are medium-term comprehensive measures aimed at ensuring stability and further recovery and development. Some of the key deliverables will be implemented in the short term.