NSSMC and IMF coordinate further steps for the development of Ukraine’s capital markets

The Chairman of the National Securities and Stock Market Commission (NSSMC), Oleksii Semeniuk, together with NSSMC Commissioners Maksym Libanov, Iraklii Baramiia, and Arsen Ilin, held a working meeting with representatives of the International Monetary Fund (IMF). The international partners were represented by Priscilla Toffano and Minke Gort.

During the meeting, the sides discussed key areas for the development of capital markets in Ukraine, reforming the institutional capacity of the Commission, and further cooperation with international partners.

The meeting participants focused on the priorities for capital market development, in particular expanding access of the business community to financing, developing municipal bonds, creating conditions for citizens to invest in securities, and preparing a legislative framework for regulating the virtual asset market.

Special attention was paid to issues of corporate governance in the Commission, strengthening the institutional capacity of the regulator, and further harmonization of Ukrainian legislation with European Union standards.

“Our task is to create modern, transparent, and competitive capital markets that can become a source of financing for the Ukrainian business community and an important tool for economic recovery,” stated Commission Chairman Oleksii Semeniuk.

For their part, the IMF representatives emphasized the importance of further strengthening the institutional capacity of the regulator and implementing the reforms envisaged in Ukraine’s cooperation program with the Fund.

The sides agreed to continue regular dialogue and coordination on the issues of capital market development and structural reforms.