The goal of a working group is to develop the domestic debt market with the participation of representatives from the National Bank and the Ministry of Finance.
The group was created to implement a memorandum with the IMF, according to which Ukraine undertook to avoid emission financing of the state budget and to develop the domestic debt market. In particular this is to be accomplished by expanding and diversifying the range of investors in government securities, including through the return of non-residents to the domestic bond market.
The working group will analyze the banking system’s liquidity, communicate with market participants, develop targeted strategies to encourage investors, and prepare recommendations for the Ministry of Finance and the NBU on solving problems in the government bond market.