Purpose. Supporting central banks in strengthening their institutional capacity to carry out effective monetary policy, promote a stable and efficient financial system, and enhance the sustainability, stability, and efficiency of operations at central banks.
Key areas of cooperation:
- monetary policy analysis and implementation
- macroeconomic data and statistics
- research
- financial stability and banking supervision
- financial inclusion
- financial sector development and payment systems
- environmental sustainability
- resilience and risk management
- human resource management and international cooperation.
As part of its cooperation under this program, the NBU has the opportunity to learn from the experience of its partners and share its own best practices and expertise with the central banks of Albania, Azerbaijan, Bosnia and Herzegovina, Colombia, Morocco, Peru, Tunisia, and Uzbekistan. Provision of expert advice to the NBU on the following issues began:
- information security (enhanced user authentication in the payment market, cyber protection of critical infrastructure facilities in the banking system)
- preparing a draft self-assessment report on the compliance of the procedure for determining, calculating, and publishing money and foreign exchange market indicators administered by the NBU with the principles set out in the IOSCO document: Principles for Financial Benchmarks Final Report July 2013
- strengthening the capacity of the NBU as the Ukrainian authority responsible for the implementation and enforcement of financial sanctions.
- The NBU’s employees regularly participate in visit and coaching programs as part of the bilateral assistance and capacity building program for central banks.