National Bank of Ukraine launches joint Twinning project with EU-backed central banks of Poland and Lithuania

On October 1, 2020, the National Bank of Ukraine launched a joint project with the National Bank of Poland and the Bank of Lithuania. This is a Twinning project called "Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement the Association Agreement between Ukraine and the EU." The project is funded by the European Union. The project is funded by 1 million euros. It will last 21 months. The central banks of Poland and Lithuania will provide support to the National Bank of Ukraine in a number of areas. In particular for the following: 

• development of approaches to banking supervision within the SREP (Supervisory Review and Evaluation Process);
• introduction of an instant payment system; 
• improving strategic planning and process management in the central bank;
• improving the process of European integration and international cooperation of the central bank.