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SUBJECT:
Challenges and constraints facing Ukraine's banking sector.
SIGNIFICANCE:
A recent agreement between the cabinet and the National Bank (NBU) will help some banks secure state refinancing, breaking an institutional deadlock that in effect prevented the NBU from bolstering liquidity through refinancing. The accord is welcome news for the sector, which badly needs additional resources to cope with a dramatic contraction of the domestic economy amid the global financial crisis.
Word Count (approx): 1185
Headings
- Challenged sector
- Crisis of confidence
- Tightened refinancing
- Mounting bad loans
- Prospects
Primary Keywords: RUCIS, Ukraine, economy, aid, banking, capital flows, debt, exchange rate, finance, fiscal, investment, regulation
Secondary Keywords: politics, government
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