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Programmatic Financial Sector DPL 1

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Development objective

Programmatic Financial Sector Development Policy Loan (FSDPL) series will support the Ukrainian authorities in restoring stability in the banking sector, making the system more resilient to future shocks, and creating conditions for resumed financial intermediation on a sustainable and affordable basis. Based on the preliminary agreement with the authorities, FSDPL program will include specific policy actions under the following three pillars: (i) Bank Diagnostic and Enforcement Action; (ii) Bank Resolution/Deposit Guarantee Fund; and (iii) Banking Sector Regulatory/Supervisory Framework. The FSDPL program will be supported by two budget support loans of at least US$500 million each.

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