17:56 22.03.2017

USAID launches four-year project 'Financial Sector Transformation' worth $23 mln in Ukraine

1 min read
USAID launches four-year project 'Financial Sector Transformation' worth $23 mln in Ukraine

The United States Agency for International Development (USAID) on March 22 opened the new four-year program "Financial Sector Transformation" worth $23 million in Kyiv.

Deputy Chief of the U.S. Mission in Ukraine George Kent said it is extremely important that while developing and implementing reforms we should not forget about financial services consumers.

According to him, within the framework of the project it is planned to provide assistance in the following areas: increasing confidence in banks, improving access to financing in the non-banking fiscal sector, increasing the share of e-finance, reforming the pension system.

Kent said the informational educational program of the National Bank of Ukraine for fiscal services consumers starts in three weeks.

USAID has been working in Ukraine since 1992. It focuses on three areas: health care and social reforms, economic growth, democracy and governance.

During this time USAID has provided Ukraine with technical and humanitarian assistance in the amount of $1.8 billion.

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