Together with the Institute for Economic Research and Policy Consulting, the Centre for Economic Strategy, and the German Economic Team organised an expert discussion on Ukraine’s banking sector based on our joint Banking Sector Monitor.
Ukraine has implemented important reforms, especially since 2014, e.g. the comprehensive implementation of the Association Agreement with the EU, in banking policy, the macro-financial stability, procurement and e-governance.
However, Russia’s aggression since 2014 and especially since the start of the full-scale invasion in February 2022 has had a massive negative impact on the macroeconomic development. In this context, the adopted reforms strengthen the resilience of the Ukrainian economy in times of war.
Ukraine was granted EU candidate status in June 2022 and has a strongly developed IT and agricultural sector. Further rapprochement with the EU depends, among other things, on reforms in the areas of the rule of law and the judiciary system.