WB Financial Sector Recovery and Resilience 2017-2025
This website displays open data about Swedish aid, which shows when, to whom and for what purpose Swedish aid is paid out, as well as what results it has produced. This page contains information about one of the contributions financed with Swedish aid.
The goal of the contribution is to strengthen the financial sector so that it can function as a driver of economic growth. This will be achieved through implementing reforms aimed at enhancing financial stability, facilitating sustainable development of the banking sector, and promoting financial system diversification.
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- B03 - Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)
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Sustainable Development Goals
More about the contribution
The goal of the contribution is to strengthen the financial sector so that it can function as a driver of economic growth. This will be achieved through implementing reforms aimed at enhancing financial stability, facilitating sustainable development of the banking sector, and promoting financial system diversification.
All activities related to the contribution are shown here. Click on an individual activity to see in-depth information.
Total aid 53,000,000 SEK distributed on 0 activities
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Result
The World Bank team, jointly with the FinSAC team, continued to support NBU in strengthening banking supervision and improving the regulatory framework in line with EU Standards. In 2023, the team held discussions with the NBU to take stock of progress made over the last 18 months, discussed ongoing and upcoming work in 2023, and explored new engagements (including beyond regulatory aspects) with a 3-year time horizon. Over the last months, the team continued to help NBU progress in implementing the Capital Requirements Regulation (CRR). Work has also been pursued to finalize the regulatory draft on new liquidity requirements (LCR and NSFR) at the consolidated level for banking groups. The WB team monitored the results and implementation of various diagnostic and regulatory review exercises conducted by the NBU. The NBU canceled the regular annual AQR/Stress test and SREP for the period of martial law and still maintains several forbearances, however, it continues related party diagnostics and monitoring (not subject to forbearances). The team helped NBU finalize a special methodology for the 2023 ad-hoc resilience assessment of top-20 banks and launch the exercise.
The objective of this technical assistance project is to strengthen the financial sector in Ukraine as a driver of sustainable and inclusive economic growth by implementing reforms aimed at enhancing financial stability and resilience, facilitate sustainable banking sector development and efficiency, and promote sustainable financial system diversification and inclusion. Ukrainian citizens and private enterprises are the ultimate beneficiaries of a more diversified and efficient financial sector, benefiting from more diverse and competitive financial services, ultimately leading to job creation and sustainable growth.
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