USAID Financial Sector Reform Activity in Ukraine – DAI Global LLC
THE USAID FINANCIAL SECTOR REFORM (FSR) ACTIVITY is a five-year program implemented by DAI Global. FSR aims to support long term systemic changes in Ukraine’s economy by transforming the country’s financial sector into a more modern, well-functioning, competitive market that is aligned with EU and international standards. The project works closely with Government of Ukraine (GOU) financial sector authorities (the National Bank of Ukraine (NBU), the National Securities and Stock Market Commission (NSSMC), the Deposit Guarantee Fund (DGF), and the Ministry of Economy, with banks and non-bank financial companies, and with business and civil society organizations. FSR coordinates its activities with international financial institutions (IFIs) including the U.S. Development Finance Corporation, the World Bank, multilateral and bilateral lenders and donors, and financial sector standards-setting bodies. As a result of Russia’s war in Ukraine, FSR currently focuses on stabilizing the Ukrainian financial sector and supporting mechanisms that get needed finance in the hands of businesses and consumers to rebuild. Longer term, FSR will work in close coordination with other stakeholders to address the legacy issues of its financial sector, supporting Ukraine’s reform efforts required to join the European Union and comply with international standards.