Ukraine central bank transfers USD 1 bln under World Bank management

Ukraine central bank transfers USD 1 bln under World Bank management



23 січня 2018 года
Конкорд Капитал

The National Bank of Ukraine (NBU) transferred USD 1 bln of Ukraine’s international reserves under the management of the World Bank (WB), the Interfax-Ukraine news agency reported on Jan. 22, citing NBU Deputy Governor Oleh Churiy. He pointed out that the World Bank is currently involved in handling the reserves of 53 countries around the world a top global investment fund manager. WB asset management will comply with the NBU’s restrictions related to the types of securities to be purchased, risk management, liquidity and reporting requirements.



Evgeniya Akhtyrko: Apparently, the NBU is involved in the Reserves Advisory and Management Program (RAMP) under which the World Bank Treasury provides advisory services and training to official sector investment managers to help countries efficiently manage their foreign currency reserves and other investment portfolios. The WB’s involvement, which typically lasts three years, is not likely to have a significant effect on the NBU’s reserves, which reached USD 18.8 bln by the end of 2017. However, this should help capacity-building at the central bank.

Источник: Конкорд Капитал

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