On 2 February 2023, the NBU, jointly with international experts from EU member states, hosted an expert forum on the strategic management of public sector institutions in the framework of the Twinning Project Strengthening the Institutional and Regulatory Capacity of the National Bank of Ukraine to Implement the EU-Ukraine Association Agreement.
Representatives from the central banks of Poland, Lithuania, Portugal, and the OECD took part in the meeting to share their experience on strategic planning, business process management, and performance management with Ukrainian public institutions.
"Establishing Cross-Agency Priority Goals is a tool that can be used to facilitate multiple organizations working together on a common outcome. This tool helps governments address the longstanding challenge of tackling horizontal problems by improving coordination of vertical organizations that help government focus on outcomes that matter the most to the public", said Dustin Brown, Chair of the OECD Public Governance Committee and Deputy Assistant Director for Management at the Office of Management and Budget in the Executive Office of the President, United States.
More than 100 participants from 15 institutions represented Ukraine at the forum. They took part in the discussion of a number of aspects of strategic development and cooperation between public sector organizations.
“Strategic development is a tool for achieving common goals, and in times of war, it is especially important to maintain fast and effective communication between various government agencies,” said Arsen Makarchuk, Director of the NBU Strategy and Development Department, while presenting the regulator’s vision of strategic development in wartime.
During the panel discussion, a survey was conducted among the forum participants to get familiar with their vision of strategic development and practical cooperation between Ukrainian government agencies. Based on this feedback, the NBU will continue to work on the updated Strategy for Ukrainian Financial Sector Development until 2025, which it expects to unveil in H1 2023.
The participants of the event also discussed the application of the foresight approach in public administration and shared their practical experience in using specialized strategic planning tools such as the OECD/SIGMA Strategy Toolkit, OPSI Toolkit Navigator, and more. The recommendations provided during the discussions will contribute to updating the methodology of medium-term strategic planning in Ukrainian public institutions, taking into account the short-term priorities of their work.
The EU Twinning Project Strengthening the Institutional and Regulatory Capacity of the National Bank of Ukraine to Implement the EU-Ukraine Association Agreement is implemented by the NBU’s partners from Narodowy Bank Polski and the Bank of Lithuania.
The overall aim of the Project is to promote the macroeconomic stability of Ukraine by strengthening the NBU’s institutional capacity and establishing a reliable banking system and payment infrastructure. What is more, the Project will indirectly aim to support the NBU’s capacity to actively participate in the EU-Ukraine association process and its new tasks related to Ukraine’s acquisition of EU candidacy status.
In addition to experts from Narodowy Bank Polski and the Bank of Lithuania, specialists from the European Central Bank, central banks of Belgium, Croatia, Greece, Hungary, the Netherlands, Portugal, and Sweden, as well as the Polish and Hungarian National Clearing Houses, are involved in the implementation of the Project.