These changes are also part of Ukraine’s preparation for the eighth review of the Extended Fund Facility (EFF) with the International Monetary Fund (IMF).
Key Updates and New Strategic Measures
The revised strategy includes several new initiatives and refinements:
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Support for entrepreneurship and mortgage development:
New legislative measures will regulate the Entrepreneurship Development Fund and establish a comprehensive mortgage lending strategy, aiming to enhance homeownership and provide financial tools for citizens. -
Capital market modernization:
The FSC has updated steps to reform capital market infrastructure, including consolidation of accounting systems, coordination of market models with stakeholders, and attraction of foreign investors to deepen financial liquidity and transparency. -
Resilience and operational security:
New provisions focus on strengthening the digital operational resilience of Ukraine’s financial sector, particularly its critical infrastructure — a pressing need in light of ongoing security challenges. -
EU integration framework:
A dedicated section — “European Integration of the Financial Sector” — was added. It outlines actions to:-
Implement EU directives based on the European Commission's screening recommendations,
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Coordinate more closely with EU institutions,
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Advance legislative alignment under the Ukraine Facility program.
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Lending and NPL Strategy Alignment
In parallel, the Strategy for the Development of Lending was amended to support:
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The expansion of the non-performing loans (NPL) market,
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Creation of favorable conditions for foreign investment in debt recovery mechanisms,
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Implementation of synchronized reforms tied to Ukraine's post-war reconstruction financing tools.
The FSC also reviewed a concept for mortgage strategy development, which will now undergo further refinement and discussion with IMF experts.
Strategic Implications
These reforms signal Ukraine’s serious commitment to:
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Reviving its financial markets,
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Creating investor confidence, and
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Delivering on commitments to both the IMF and the EU.
By advancing integration into the EU financial architecture, Ukraine not only strengthens its long-term economic prospects but also accelerates the flow of international capital needed for recovery and modernization.
The National Bank of Ukraine confirmed that all approved strategic documents will be publicly released after final endorsement, ensuring transparency and accountability to both domestic and international stakeholders.
