Andriy Pyshny emphasizes the significance of G7 partners’ support
During a recent meeting, Andriy Pyshny, the head of the National Bank of Ukraine (NBU), stressed the crucial role of support from G7 partners. He noted that these discussions have become a tradition, allowing for open dialogue on key issues impacting Ukraine’s economic policy and financial system.
The main topics of conversation included the macroeconomic situation, inflationary challenges, upcoming steps in currency liberalization, macroeconomic forecasts, and the implementation of the regulator’s mandate. Pyshny pointed out that the meeting also addressed the informational pressure faced by the central bank.
“We discussed the information landscape shaped by attacks that have not gone unnoticed by our partners. In response, we received assurances regarding the support for the independence of the central bank,” Pyshny remarked.
He emphasized that the independence of the central bank encompasses several components—personal, financial, functional, and institutional—and only their combined effect can ensure a monetary policy based on professional economic assessments rather than political circumstances.
Pyshny expressed appreciation for the recognition of the high-quality work performed by the NBU team and emphasized the significance of partners’ support as a key message for both him and the NBU management.
In addition, the meeting covered the outcomes of the Ukrainian delegation’s participation in the Ukraine Recovery Conference 2026. According to Pyshny, the NBU showcased opportunities for long-term investments in Ukraine and highlighted the transformation of the insurance sector, which is garnering interest from foreign investors.
“Gdańsk was a focal point as our representation at the Ukraine Recovery Conference aimed to convey key messages: invest in Ukraine. NBU is ready to discuss any issues with private capital interested in long-term partnerships and development in the Ukrainian market. The second point is the insurance sector, which has undergone profound transformation and is already on investors’ radars,” Pyshny stated.
The discussion also included attracting international financing for Ukrainian banks. Pyshny noted that during the conference, state banks signed partnership agreements, including PrivatBank, which aims to secure €1.18 billion, Oschadbank with over €500 million, and Ukrgasbank with more than €300 million. These funds are intended to drive the development of the Ukrainian economy.
Furthermore, the parties discussed issues related to economic lending, Ukraine’s cooperation with the International Monetary Fund, currency liberalization, and the legislative changes needed to join the SEPA. Pyshny also informed international partners about the NBU’s stance on the proposed increase in bank profit taxation, asserting that the regulator opposes this idea as it is vital for banks to maintain their capital to support economic growth and meet the state’s critical needs.
Additionally, the discussion touched on measures to reduce the shadow economy. Pyshny announced the initiation of an interagency working group including customs, the Bureau of Economic Security of Ukraine, the State Tax Service, and the NBU, which has begun coordinating efforts in this area.
Pyshny thanked international partners for their support and highlighted the importance of open dialogue between Ukraine and G7 countries and the European Union.
