Ukraine’s financial system and corporate sector have remained resilient in the face of extraordinary challenges. Russia’s war of aggression has imposed immense human and economic costs, yet financial stability and market functioning and confidence have been preserved through sound policies and timely regulatory measures. Nevertheless, Ukraine continues to face major challenges. As the costs of reconstruction continue to climb, Ukraine will need to mobilise domestic and international private financing at a very large scale. Deep and efficient financial markets will ensure that funds are deployed to the most productive uses, while a well-functioning corporate sector will help build a resilient economy. Meanwhile, consumers and households, many of whom face financial distress and increased risks due to the war, will need to be adequately protected.
The report Stronger Financial Markets and Institutions for Ukraine’s Recovery provides policy recommendations to help Ukraine achieve these objectives. It focuses on five inter-linked policy areas: Ukraine’s financial system framework, corporate governance policies and practices, public debt management, financial consumer protection and financial literacy, and the development of asset-backed pensions.
