The 6th Steering Committee Meeting of the Twinning Project for the National Bank of Ukraine took place

On October 04, 2022, in the online mode the 6th Steering Committee Meeting of the Twinning Project “Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement EU-Ukraine Association Agreement” (hereinafter – Project), the beneficiary of which is National Bank of Ukraine (hereinafter – NBU), took place.

The Project is being implemented jointly with Narodowy Bank Polski of the Republic of Poland and Lietuvos bankas of the Republic of Lithuania.

The aim of Twinning Project is to promote macroeconomic stability by increasing the institutional capacity of the National Bank of Ukraine, as well as by developing a reliable banking and payment infrastructure.

In the introductory remarks, Volodymyr Kuchyn, BC Project Leader, welcomed the participants of the meeting and thanked the representatives of the European side for effective cooperation in the implementation of the Project.

In turn, Dariusz Lewandowski, Resident Twinning Adviser, presented the practical results of the Project implementation which were achieved during the reporting period. In particular, 2 online meetings involving experts were held: 1 online meeting involving 15 NBU experts and 1 online meeting involving 2 private sector experts. In addition, as part of the implementation of the Project, the Project Leaders prepared, agreed and sent the Concept Note to the European Union Delegation to Ukraine.

At the same time, Volodymyr Kuchyn outlined the main achievements according to the components of the Project, in particular, identified the key results on issues of policy development within the framework of the Twinning Project.

For his part, the representative of the international department of the Narodowy Bank Polski Marcin Staniewicz, presented the quarterly financial report and information about communication activities within the Project.

The experts and partners of the Project approved the work plan, discussed the planned activities for all components and plans for the next reporting period.

The meeting was attended by Project experts, representatives of the European Union Delegation to Ukraine and NBU.

On behalf of the Center for Adaptation of the Civil Service Anatolii Sopilka, Head of the Project Management Department and Olena Honcharuk, Senior Consultant of the Twinning Coordination Division of the Unit of Twinning Programme Administration Office activities ensuring took part in the meeting.

For reference: according to the Resolution of the Cabinet of Ukraine “On Approval of the Procedure for Initiation, Preparation and Implementation of the Twinning Projects” as of 11 October, 2016 No 700 the National Agency of Ukraine on Civil Service coordinates the implementation of the institution building instrument of the European Union Twinning in Ukraine. Furthermore, in accordance with relevant legal acts the National Agency of Ukraine on Civil Service is the coordinator of institution building instrument TAIEX implementation in Ukraine. In order to provide effective coordination of Twinning and TAIEX the Twinning Program Administration Office in Ukraine was established, its functions are performed by the Center for Adaptation of the Civil Service to the Standards of the European Union.

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