2021-07-08
On Thursday, a meeting of Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, and Kyrylo Shevchenko, Governor of the National Bank of Ukraine, took place in Vilnius, Lithuania.
The governors discussed central bank cooperation, economic partnership of Ukraine and Lithuania, cooperation of Ukraine with the International Monetary Fund and other relevant issues.
The Bank of Lithuania has been cooperating with the National Bank of Ukraine for many years, exchanging expertise and sharing best practices in all areas of central banking: foreign reserve management, banking supervision, financial stability, payments, operational risk management, strategic planning, international cooperation, innovation, etc. The banks organise regular bilateral high-level meetings.
Such cooperation was enhanced by the bilateral cooperation agreement on innovation development signed by the central banks in 2018.
During a virtual meeting in June 2021, the governors of the Bank of Lithuania and the National Bank of Ukraine signed a Memorandum of Understanding in the field of insurance supervision.
The Bank of Lithuania and the National Bank of Poland are currently implementing the EU Twinning project “Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement the EU–Ukraine Association Agreement”.