The 8th Steering Committee Meeting of the Twinning Project for the National Bank of Ukraine took place

On March 21, 2023, in the online mode the 8th 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 the 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 his introductory remarks, Paweł Samecki, MS Project Leader, Narodowy Bank Polski, welcomed the participants of the meeting and introduced the agenda.

In turn, Dariusz Lewandowski, Resident Twinning Adviser, in his speech presented the practical results of the Project, which were achieved within the last reporting period. In particular, 9 online meetings, 2 experts fora, and 3 study visits were held. In addition, Resident Twinning Adviser presented the results in detail according to the Project components, in particular, the development of the instant payments model and implementation of the process-based planning and management model in the system of the NBU.

At the same time, Volodymyr Kuchyn, BC Project Leader, welcomed all the participants and expressed his gratitude for effective cooperation within the framework of the Project.

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

The experts and partners of the Project approved the work plan and discussed the implemented activities for all components.

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 to the Standards of the European Union Olena Honcharuk, Head 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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