IMF-乌克兰：对交易对手货币政策操作资格和紧急流动性援助框架的技术援助报告审查（英）

TECHNICAL ASSISTANCE REPORT UKRAINE Review of the Counterparty Eligibility for Monetary Policy Operations and the Emergency Liquidity Assistance Framework June 2025 Prepared By Antonio Jorge Silva (IMF Lead) Daniel van Schoot (IMF External Expert) Authoring Departments Monetary and Capital Markets Department © 2025 International Monetary Fund DISCLAIMER The contents of this document constitute technical advice provided by the staff of the International Monetary Fund to the authorities of the National Bank of Ukraine (the "CD recipient") in response to their request for technical assistance. Unless the CD recipient specifically objects to such disclosure, this document (in whole or in part) or summaries thereof may be disclosed by the IMF to the IMF Executive Director for Ukraine, to other IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the CD recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest (see Staff Operational Guidance on the Dissemination of Capacity Development Information). Publication or Disclosure of this report (in whole or in part) to parties outside the IMF other than agencies or instrumentalities of the CD recipient, World Bank staff, other technical assistance providers and donors with legitimate interest shall require the explicit consent of the CD recipient and the IMF’s Monetary and Capital Markets department. The analysis and policy considerations expressed in this publication are those of the IMF’s Monetary and Capital Markets Department. International Monetary Fund, IMF Publications P.O. Box 92780, Washington, DC 20090, U.S.A. T. +(1) 202.623.7430 • F. +(1) 202.623.7201 publications@IMF.org IMF.org/pubs IMF Technical Assistance Report | 3 Contents Glossary ...................................................................................................................................................... 5 Preface ........................................................................................................................................................ 6 Executive Summary ................................................................................................................................... 7 Recommendations ..................................................................................................................................... 8 I. Introduction ............................................................................................................................................. 9 II. Counterparty Eligibility for Monetary Policy Operations .................................................................12 A. Current Situation ....................................................................................................................................12 B. Financial Soundness .................................