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NBU plans to launch external debt market in 2023, assess need for capitalization of financial institutions
KYIV. Dec 19 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) plans to launch an external debt market in 2023 to assess the need for additional capitalization of financial institutions, the quality of their assets, and focus on ensuring uninterrupted work, NBU Governor Andriy Pyshny said.
"Next year, we need to join forces with the Ministry of Finance in order to launch the external debt market and use the maximum potential of the Ukrainian economy to finance the budget deficit, successfully pass the IMF Staff Monitored Program and open the doors for a large program," he said during a discussion by the Center for Economic Strategy (CES) on Monday.
Pyshny noted that cooperation with the IMF is one of the essential factors for uniting the donor coalition around Ukraine and finding the necessary resources, including loans and grants.
At the same time, the NBU will carry out work on assessing the quality of assets, stress testing, strengthening financial stability and ensuring the smooth operation of financial institutions.
