CURRENT NBU POLICY ON THE DEVELOPMENT OF SUSTAINABLE FINANCING
Abstract
The article is devoted to topical issues of financing sustainable development and the tasks of the NBU to ensure it. The urgency of the topic is determined by the fact that global problems in the field of sustainable development in recent years have increased under the influence of trends such as climate change, economic and social dynamics, consequences of the COVID-19 pandemic, technological advances and environmental degradation. According to a report by the International Finance Corporation (IFC), globally in emerging markets, there are opportunities for climate investment worth about 23 trillion. USD by 2030, while in Ukraine they are estimated at 73 billion USD. To take advantage of this potential, countries need to adopt appropriate standards and develop policies to build a sustainable financial sector. This task is directly related to the activities of the NBU. The conclusion is substantiated that the formation of sustainable financing depends on the policy of the main regulator of the financial market – the central bank. The purpose of the article is to study the strategic approach of the NBU to the construction and future development of sustainable financing in Ukraine, to determine the functions of the NBU to ensure a sustainable financial sector, measures for effective use of financial resources in sustainable development. The content of the categories "sustainable financing", "sustainable development", "sustainable development financing", "green financing" is revealed. The strategic approaches of the NBU to the construction and development of sustainable financing in Ukraine are studied, the functions of the NBU on ensuring a sustainable financial sector, measures for the efficient use of financial resources in ensuring sustainable development are determined. The goals, tasks and directions of the NBU's activity on the development of sustainable financing are summarized. The content and main directions of the NBU Policy on the development of sustainable financing for the period up to 2025 are analyzed. The first experience of sustainable financing in Ukraine is studied. The conducted analysis and the received results will allow to carry out specification of the basic directions of improvement of activity of NBU concerning development of sustainable financing.
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