Governor of the National Bank of Ukraine (NBU) Andriy Pyshnyy met with senior World Bank officials to discuss support for Ukraine’s energy sector amid intensified attacks, as well as the terms of a new loan under the Development Policy Operation (DPO) agreement.
Pyshnyy shared details of the meeting on Facebook, according to Ukrinform.
“Today we met with World Bank leadership—Vice President Antonella Bassani and Regional Country Director for Eastern Europe Bob Saum. We discussed the urgent need to support Ukraine’s energy sector amid intensified Russian strikes. We hope to see expanded assistance from the World Bank,” Pyshnyy stated.
He added that the parties also reviewed preparatory steps for the upcoming DPO loan. One key requirement is the creation of an effective legal framework for factoring. The NBU has already submitted a legislative package to the Verkhovna Rada to align implementation timelines for the provisions of Ukraine’s Law on Factoring. Pyshnyy expressed hope that lawmakers would support the initiative.
The NBU Governor reported progress in developing capital market infrastructure. He noted that the government has transferred its stake in the National Depository to NBU management, and that work is underway with the EBRD to improve related legislation.
The meeting also included an exchange of views on Ukraine’s macroeconomic outlook, prospects for a new IMF program, the state of the financial sector, and risks associated with a potential increase in the corporate income tax for banks.
Pyshnyy thanked the World Bank for its consistent support of Ukraine, emphasizing that the assistance has a tangible impact on citizens, businesses, and the broader economy. He underscored the importance of both financial and expert cooperation, particularly in areas of recovery, reform, and investment mobilization.
As previously reported by Ukrinform, the World Bank remains one of Ukraine’s key financial partners during the war, providing both budgetary support and funding for the restoration of critical infrastructure.
Photo credit: Pyshnyy / Facebook