Ukraine - The Financial Sector and the Economy : The New Policy Agenda
This report provides an up-dated assessment of the situation in Ukraine's financial sector (banks as well as non-banks) and defines a policy agenda for the next stages of reform. The report is addressed to those in authority in Ukraine who hav...
| Main Authors: | , , , , , , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/01/14356766/ukraine-financial-sector-economy-new-policy-agenda http://hdl.handle.net/10986/13951 |
| Summary: | This report provides an up-dated
assessment of the situation in Ukraine's financial
sector (banks as well as non-banks) and defines a policy
agenda for the next stages of reform. The report is
addressed to those in authority in Ukraine who have
influence over the future development of the sector. The
report updates a 1995 report prepared by the Bank that has
served as the framework for much of the Bank's
involvement with the sector in the intervening six years,
and has also been a significant influence on the
government's own reform efforts in the sector. This
report looks in detail at a sub-set of the necessary policy
reforms. Some other matters such as deregulation and the
detailed proposals regarding banking supervision have been
the subject of other detailed Bank and International
Monetary Fund (IMF) reports and so are not considered here.
The remainder of this Policy Report is organized as follows.
Section two has two main purposes. The first is to identify
the main elements in the recent performance of the real
economy that have complicated the task of developing a
stronger financial sector. The second is to identify the
various ways in which the financial sector is failing to
make as large a contribution as it could to the
economy's recovery and future growth. Annexes one and
two provide further elaboration. Section three sets out the
basic framework for designing the reform agenda for the
banking component of the sector. Section four provides a
forward looking perspective of what might realistically be
expected by way of new financing for the economy through the
period to 2005 in the event that a sustained reform effort
is now adopted. Section five looks in more depth at the
banking sector and analyses the size and nature of the
reforms in individual classes of banks especially the larger
ones that will be needed to realize the stronger future
performance for the sector as set out in section four.
Section six provides a similar in-depth analysis of the
situation of the nonbank financial institutions, including
some whose activities interact very directly with the
capital market institutions. Section seven defines the
integrated reform strategy for the sector which emerges from
the analysis in the report and related reports by others. |
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