Financial Markets Development
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.