Governor of the National Bank of Ukraine Ms Valeria Gontareva held a working meeting with the top management of the European Bank for Reconstruction and Development: Mr Francis Malige, Managing Director for Eastern Europe and the Caucasus and Mr Sevki Acuner, Country Director for Ukraine.
The meeting participants discussed the status of the financial sector reform and placed special emphasis on efforts to further improve corporate governance in banks, as envisaged by the Comprehensive Program of Ukrainian Financial Sector Development Until 2020.
In addition, the EBRD representatives reassured the NBU Governor of their support and commendation of reforms.
“The EBRD fully supports the financial sector reforms in Ukraine, with the NBU being one of the key drivers of the reform process. No other country has managed to ensure fast and comprehensive implementation of measures to clean up the banking sector, restore the macroeconomic stability and adopt a new monetary policy based on inflation targeting. The NBU has succeeded in implementing these measures,” underlined Mr Malige, EBRD Managing Director for Eastern Europe and the Caucasus. “We hope that the institutional independence of the central bank will be maintained, as a safeguard of the NBU’s ability to perform its mandate.
Mr Acuner pledged the EBRD’s commitment to further support the NBU in its efforts to advance the financial sector reforms.
The NBU Governor thanked the EBRD representatives, stressing that the NBU is set to maintain close ties with international financial institutions.