Technical Cooperation Programme

The EU Twinning Project

Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement EU-Ukraine Association Agreement UA 19 ENI FI 01 19

Overall Objective of the Project

The overall objective of the project is to contribute to the macroeconomic stability of Ukraine through institutional strengthening of the National Bank of Ukraine (NBU), and building a reliable banking and payments infrastructure for economic operators.

Specific Objectives of the Project

  • strengthen the NBU capacity as a bank supervisor in performing Supervisory Review Evaluation Process (SREP) assessments and improving the supervisor’s ability to evaluate characterizations for risks and the capitalization of the risks,
  • implementation of instant payments in line with the EU Payment Services Directive 2 (PSD 2),
  • institutional strengthening of the NBU by further developing its strategic planning and international cooperation functions.

Project Components and Aims of Project

  • Component 1: Further transposition of Basel Core Principles for Effective Banking Supervision

    Mandatory result: Transposition of Basel Core Principles for Effective Banking Supervision and the EU capital requirements legislation in the area of internal capital adequacy assessment process (ICAAP), internal liquidity adequacy assessment process (ILAAP) and assessment of the banks’ risk profiles through the Supervisory Review and Evaluation Process (SREP).

  • Component 2: Instant Payment Settlement System

    Mandatory result: A model development for the instant payments architecture in Ukraine, and a road map to implement it.

  • Component 3: Institutional strengthening through the establishment of an integrated system of strategic planning, execution and monitoring, process-based model of planning and management.

    Mandatory result: Process-based planning and management model, including a performance management system, is introduced in the NBU.

  • Component 4: Strengthening of the NBU international cooperation function and capacity in the area of European integration of Ukraine

    Mandatory result: The NBU international cooperation function is strengthened, in particular with regard to the implementation of the Association Agreement.

General Information about EU Twinning

Twinning is a European Union instrument for institutional cooperation between public administrations of EU Member States and of beneficiary or partner countries.

Twinning projects bring together public sector expertise from EU Member States and beneficiary countries with the aim of achieving concrete mandatory operational results through peer to peer activities.

Since 2004 the Twinning instrument is available to some of the EU Eastern and Southern Neighborhood partner countries. In this framework it aims at upgrading the administrative capacities of the public administration of a partner country through the training of its staff and support to the reorganization of its structure. It also supports the approximation of national laws, regulations and quality standards to those of EU Member States in the framework of Cooperation or Association agreements signed with the EU.

Within European Neighborhood Policy (ENP) current beneficiaries are:

  • ENI South: Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Tunisia
  • ENI East: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine

To see more:

EU-Twinning Partners (EU Member States Consortium)

Project Leader


Beneficiary Institution


Junior Project Leader


Project Funder


Press releases

[01-10-2020] Narodowy Bank Polski and the National Bank of Ukraine start a twinning project
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