• Українською
  • Oleksiy Lyubchenko: The development of the institution of financial mediation is an important element in stimulating economic boost
    Ministry of Economy of Ukraine, posted 23 July 2021 10:47

    The development of the institution of financial intermediation is seen an essential element in encouraging economic boost. This priority was disclosed by the First Deputy Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko in his the article "Key objectives for economic growth of Ukraine" for LB.ua.

    "The banking system, as an institution of financial mediation, should qualitatively improve the efficiency of its activities, ensure the availability of credit resources for economic entities, taking into account the level of market development, solvency and changes in aggregate demand," said Oleksiy Lyubchenko.

    Among the key measures to develop financial intermediation, the First Deputy Prime Minister singled out the following:

    • Development of investment refinancing of bank loans.
    • Mitigation of credit risk assessment requirements.
    • Modernization of monetary policy. A temporary shift of emphasis from the goals of stabilizing inflation to the goals of supporting economic growth.
    • Development of non-banking financial markets as an alternative source of financing investment projects.
    • Improving the efficiency of the supervisory boards of state-owned banks in the context of the development of their investment focus.