Governor of the National Bank of Ukraine Stepan Kubiv has had a telephone conversation with Mr Stephen S. Poloz, the Governor of the Bank of Canada.

Mr Stepan Kubiv congratulated Mr Stephen S. Poloz, a third generation Ukrainian Canadian, on taking over as head of the Bank of Canada, and thanked him for his warm congratulations on the occasion of Mr Kubiv’s appointment as Governor of the National Bank of Ukraine.

Mr Kubiv and his Canadian counterpart exchanged views on the need to continue fruitful cooperation in the financial and banking industries.

Governor of the Bank of Canada Stephen S. Poloz pointed out that the technical assistance, which was currently being provided to Ukraine both bilaterally, on a country-to-country basis, and multilaterally by international financial institutions, specifically, the International Monetary Fund, would not only be extended but could be increased to help Ukraine successfully implement banking sector reforms and financial sector reforms.  

The Governors of the central banks of Ukraine and Canada agreed to maintain a dialogue and emphasized the need for the sharing of information regarding the use of a new toolbox in the context of challenges currently facing Ukraine.

Mr Stepan Kubiv expressed his hope that he would have an opportunity to speak with his Canadian counterpart and discuss the scope of cooperation between the Bank of Canada and the National Bank of Ukraine in more detail during the Annual Spring Meetings of the International Monetary Fund and the World Bank Group that would be held in April, 2014.