meta_id 3072036

On April 15, 2026, Toronto Centre, a global financial supervisory capacity-building organization, and the National Bank of Ukraine (NBU) signed a Memorandum of Understanding (MoU) focused on institutional capacity development and cooperation. The MoU formalizes the parties' commitment to supporting the NBU's supervisory effectiveness, organizational resilience, and risk management systems in accordance with international best practices. The agreement takes into account Ukraine's evolving financial sector priorities and development needs. Since Russia's invasion of Ukraine, Toronto Centre has rapidly mobilized specialized training programs for the NBU, including crisis preparedness and other priority areas. This MoU builds on annual programming that has consistently strengthened the partnership between the two organizations. Babak Abbaszadeh, Toronto Centre President and Chief Executive, stated that Toronto Centre remains committed to supporting the NBU to enable it to remain resilient under severe conditions, highlighting the ongoing conflict and its threat to financial stability. Andriy Pyshnyy, Governor of the National Bank of Ukraine, emphasized that the training and technical assistance provided by Toronto Centre plays an important role in strengthening the institution and building financial resilience during the war. The NBU Governor noted the support of Toronto Centre's donors: the Government of Canada, the Swedish International Development Cooperation Agency, and the International Monetary Fund. The MoU represents a formalized commitment to ongoing cooperation between the two organizations to support Ukraine's financial sector stability amid ongoing conflict.