IBRD urges Ukrainian authorities to accelerate Ukraina Bank crisis resolution
Published:
24 October 2000 y., Tuesday
IBRD urges Ukrainian authorities to accelerate Ukraina Bank crisis resolution.The World Bank has recommended that the Ukrainian government accelerate resolution of the crisis at Ukraina Bank, one of Ukraine's largest commercial banks, Paul Siegelbaum, director of the World Bank's department of financial and private sector development, announced in a recommendation at a press conference on Friday, October 20, Ukrainian News reported .
"We would not like a situation to be created in which depositors and the population will start to lose confidence," Siegelbaum said.
According to Siegelbaum, a World Bank finance mission that has worked in Ukraine for the past two weeks held special discussions on this issue with the Ukrainian government, the National Bank of Ukraine, and the new leadership of Ukraina Bank.
Siegelbaum said that experts with the World Bank welcomed the NBU’s decision to appoint a temporary administration to run Ukraina Bank. However, Siegelbaum said that the experts believe that this is merely the first step toward solving this difficult problem.
Siegelbaum noted that the capabilities and rights of the temporary administration would be limited until Parliament adopts a new law on banks. According to Siegelbaum, the World Bank is presently lobbying for early adoption of this law.
Šaltinis:
kpnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The financial and economic crisis has shown that reckless behaviour of banks and other financial institutions can have serious and costly consequences for Europe's economy and its people.
more »
Local services that create jobs and improve energy efficiency received a boost Thursday (2 September) when MEPs on the Industry, Research and Energy Committee approved plans for more investment.
more »
The European Commission approved the first financing decisions under the EUR 264 million 2010 allocation for the so-called Vulnerability FLEX mechanism to help the most vulnerable African, Caribbean and Pacific countries cope with the impact of the global financial crisis and economic downturn.
more »
The European Commission has today updated the list of airlines banned in the European Union to impose an operating ban on one air carrier from Ghana and to place operating restrictions on another air carrier from that country.
more »
The European Commission today approved an application from Denmark for assistance under the European Globalisation adjustment Fund (EGF).
more »
Algirdas Šemeta, EU Commissioner for Taxation, Customs Union, Anti-Fraud and Audit, will open tomorrow an international conference at the Shanghai World Expo 2010 on building bridges to facilitate trade between China and the EU.
more »
Moldova is set to receive an EU grant of up to €90 million to help it through the financial crisis, following a vote at Parliament's Committee on International Trade on Monday.
more »
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date.
more »
75% of Europeans think that stronger coordination of economic and financial policies among EU Member States would be effective in fighting the economic crisis, according to the Spring 2010 Eurobarometer, the bi-annual opinion poll organised by the EU.
more »
The European Commission has extended until the end of the year the liquidity support scheme for banks in Slovenia.
more »