KYIV, July 29 – The National Bank of Ukraine (NBU) has implemented four out of the nine steps planned under the third review of the Extended Fund Facility (EFF) arrangement with the International Monetary Fund (IMF) by the end of July this year, while the remaining five steps were postponed, the regulator's press service reported in response to a request from Interfax-Ukraine.
Among the completed measures for which the NBU was responsible or involved in implementation are: preparing a bill to establish a comprehensive war risk insurance system, developing a concept note on regulatory requirements for person to person (p2p) and other such electronic payments, preparing a lending development strategy, and providing a proposal for the implementation of a publicly accessible database of real estate transaction prices and residential and commercial property price indexes.
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