The banking sector reform has been the most successful reform in Ukraine. No other sector thus far has undergone such deep institutional transformation. Success of the reform has been internationally recognized.
Privatbank case was the pivotal case of the entire banking sector reform. Privatbank’s resolution served as a test on whether the same rules apply to everyone or whether, as for many years before, there can be exemptions. The NBU and the government passed the test showing that with respect to the long-term health of the banking sector there should be no compromise.
There is a high probability that recent attacks on the former NBU governor Valeria Gontareva (burning car of her daughter-in-law, searches in her flat, burning her house) are related to her professional activity and specifically her leadership in implementation of the banking sector reform.
Thus, there comes the test for the new authorities. Their reaction to these incidents and swift actions to investigate them would show that the government acts in the best interest of the country. Absence of such a reaction would demonstrate to all people who are willing to reform Ukraine what they are to expect if they succeed. Because almost any genuine reform in Ukraine implies stepping on oligarchs’ toes or touching vested interests.
The new president and the government have to very clearly show that their primary interest is equal rules for everyone, the well-being of the country and its every citizen, and not of just some influential persons.
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Signatures:
- VoxUkraine organization
- Borys Davydenko
- Ulana Suprun
- Centre for Economic Strategy
- Ukrainian Crisis Media Centre
- Vladyslav Rashkovan, deputy director of Ukraine in the IMF
- Natalia Popovych, UCMC head
- Serhiy Fursa
- Oksana Popruga
- Serhiy Kiiashko
- Olha Yevstihneyeva
- Natalia Mykolska
- Viktoria Korsun
- Yuriy Kostenko
- Anatoliy Loyko
- Olena Nizalova
- Sasha Sukhomlyn
- David Menabdishvili
- Kateryna Bahatska
- Olexandr Savinykh
- Olha Balashova
- Natalia Aleksandrova
- Andriy Borodiy
- Denys Khlynovskyi
- Valentyn Lytvynov
- Dmytro Illin
- Mykola Hirol
- Volodymyr Halanevych
- Yulia Buldygina
- Andrii Ianitskyi
- Pavel Tulba
- Olha Honcharenko
- Natalia Khabne
- Kateryna Li
- Laryssa Krasnikova
- Mykola Karpenko
- Milena Marchenko
- Lera Zakharova
- Vasyl Bashynskyi
- Natalia Bartnytska
- Volodymyr Vivchar
- Oleksiy Lupandin
- Oleksandr Semenchenko
- Angela Prigozhyna
- Halyna Poliova
- Vadym Osovets
- Olga Novohatska
- Iryna Usyk
- Nadiia Shevchenko
- Natalia Kononenko
- Anna Khomenko
- Eugénie Kulozhenko
- Olha Kupets
- Iryna Lytvyn
- Yulia Moskalchuk
Attention
The authors do not work for, consult to, own shares in or receive funding from any company or organization that would benefit from this article, and have no relevant affiliations
