Ukraine has made enormous progress over the past three years fixing its banking sector. This is very welcome news as debilitating weaknesses and rampant corruption in many banks played an outsized role in the crisis years of 2014-2016. Restoring of confidence in the sector will be central to sustaining the recovery taking root and providing the foundation for growth in the future.
Editor’s Note: Satu Kahkonen is the World Bank Country Director for Belarus, Moldova, and Ukraine This article was first published by Economichna Pravda
