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Financial Markets Development

Sector: 
Economic Growth
Region:  Autonomous Republic of Crimea, Volyn, Dnipropetrovsk, Donetsk, Zaporizhzhya, Ivano-Frankivsk, Kirovohrad, Luhansk, Lviv, Odesa, Sumy, Kharkiv, Khmelnytskyi, Cherkasy, Chernivtsi, Chernihiv

Financial Sector Development Project - FINREP  

The $12.4 million, three-year Financial Sector Development Project (FINREP) is helping Ukraine recover from the economic crisis and establish a transparent and resilient financial system. FINREP is critical to the multi-donor effort to strengthen Ukraine’s financial sector and advance the broader economic reform agenda of the current Government of Ukraine (GOU). FINREP is helping improve Ukraine’s regulatory system and financial institutions, and increase the public’s financial literacy. FINREP supports improved operations at the Deposit Guarantee Fund, the Pension Fund of Ukraine, the Ministry of Finance (particularly in the market for government securities), securities and financial services regulators, and the National Bank of Ukraine.

Business Investments and Loans

The Western NIS Enterprise Fund (WNISEF) is an investment fund capitalized with $150 million by the U.S. Government in 1994 to promote expansion of a wide array of private enterprises in Ukraine, Moldova and Belarus. The Fund provides capital and management tools for its companies.

USAID Mission Director E. Jed Barton discusses financial literacy course with teachers who taught the course last year.

The Ministry of Education and Science, Youth and Sports (MESYS), in close collaboration with the National Bank of Ukraine (NBU) and the United States Agency for International Development (USAID) launched a seven-year experimental research and teaching project on improving financial literacy of Ukrainian students.

Natalia Berezhna, the Project Manager for the USAID/FINREP project speaks at the Conference on Financial literacy for the 10th grade high school students.

Poorly educated consumers are a very weak base upon which to build a strong financial system. The U.S.

Snapshot of the ESCRIN site.

In the globally integrated world of finance, most regulatory authorities mandate that information be filed by public companies in an electronic format. This provides for a timely and routine flow of data to capital markets. While these systems vary widely, electronic submission facilitates information to investors, the key element in any vibrant capital market.