The Financial Stability Council of Ukraine approved a new Credit Development Strategy aimed at supporting the recovery and development of the country’s economy.
About this reported press service of the National Bank of Ukraine.
The strategy aims to:
- Provision of financial resources for the restoration of energy infrastructure.
- Stimulating the demand for loans to increase the country’s defense capability, in particular from enterprises of the defense-industrial complex, processing industry, agriculture and business in the de-occupied and front-line territories.
The Strategy will be implemented in two directions
- Activation of lending to priority sectors of the economy under martial law.
- Development of the legislative framework for further stimulation of market lending.
The Financial Stability Council is a forum for discussing systemic risks to the financial stability of Ukraine, created in 2015. It includes representatives of the National Bank of Ukraine, the Ministry of Finance, the Ministry of Economy and other institutions.
