Ukraine has forged continuous and fruitful cooperation with the Organisation for Economic Co-operation and Development (hereinafter – the OECD).

On January 1, 2014, the National Bank of Ukraine joined the OECD International Network on Financial Education (OECD/INFE) as a full member.

Mr Borys Prykhodko, First Deputy Governor of the National Bank of Ukraine has said: “The National Bank of Ukraine's joining the OECD/INFE, which serves as a global platform, proves its commitment to further implement the nationwide educational projects based on the best international practices. The leading role of the OECD/INFE, whose members include nearly half of the world's countries, is acknowledged by the G20 and the Asia Pacific Economic Co-operation (APEC)".

Granting full member status of the OECD/INFE to the National Bank of Ukraine indicates that this socially important initiative built on the present-day European values will help boost the international image and role of Ukraine in the world.

"Increasing the level of financial literacy among the Ukrainian population means investments into the future financial independence and stability in Ukraine. Changes in global economic conditions, using best practices and cutting-edge technology in the banking industry, creation of new banking products require the Ukrainian public to display an appropriate level of financial awareness" noted Mr Borys Prykhodko.

For reference

The OECD launched its global financial education project in 2002. In 2008, the OECD established the International Network on Financial Education (INFE), which aimed to provide a policy forum for the OECD member countries to exchange knowledge and experience on financial education issues.

The OECD/INFE comprises over 100 countries (240 public institutions) seeking to promote the financial education of their citizens.

The OECD is an active partner with the G20 (a group of finance ministers and central bank governors from 20 major economies) in combining efforts to strengthen the global economy.