On February 2, 2023, the National Bank of Ukraine, together with international experts from EU member states, held an Expert Forum on Strategic Management in State Institutions as part of the Twinning Project “Strengthening the Institutional and Regulatory Capacity of the National Bank of Ukraine for the Implementation of the Association Agreement between Ukraine and the EU” .
Representatives of the central banks of Poland, Lithuania and Portugal, as well as the Organization for Economic Cooperation and Development (OECD) shared with the state institutions of Ukraine their experience in the areas of strategic planning, business process management and efficiency management.
“Determining interdepartmental priority goals is a practical tool that can be used to promote the coordinated work of many organizations to achieve a common result. In practice, this tool helps governments overcome the age-old problem of solving complex horizontal problems by improving coordination between vertical organizational structures. As a result of such optimization, the necessary internal resources are released, which allows the government to focus on tasks, the solution of which is of priority importance for the public”, – said Dustin Brown, chairman of the OECD Committee on Public Administration, deputy assistant director for management in the Administration’s Administrative and Budget Office President of the USA.
On the Ukrainian side, more than 100 participants from 15 institutions participated in the discussion of a number of aspects of strategic development and cooperation between public sector organizations.
“Strategic development is a tool for achieving common goals. And in the conditions of war, it is especially important to maintain fast and effective communication between various government bodies“, commented the director of the Department of Strategy and Development of the National Bank of Ukraine, Arsen Makarchuk, presenting the vision of the strategic development of the regulator in the conditions of war.
During the panel discussion, a survey was conducted among forum participants regarding their vision of strategic development and practical cooperation between state bodies of Ukraine. Taking into account this feedback, the National Bank will continue work on the updated Financial Sector Development Strategy until 2025, which it plans to present in the first half of 2023.
The participants of the event also discussed the application of the foresight approach in the field of public administration and shared practical experience in using such specialized strategic planning tools as OECD/SIGMA Strategy Toolkit, OPSI Toolkit Navigator and others. The recommendations given during the discussions will contribute to updating the medium-term strategic planning methodology in the state institutions of Ukraine, taking into account the short-term priorities of their work.
For reference
The EU Twinning project “Strengthening the institutional and regulatory capacity of the National Bank of Ukraine for the purpose of implementing the Association Agreement between Ukraine and the EU” is implemented by the partners of the National Bank of Ukraine – the National Bank of Poland and the Bank of Lithuania.
The overall goal of the Twinning Project is to promote the macroeconomic stability of Ukraine through the institutional strengthening of the NBU and the development of a reliable banking system and payment infrastructure. In addition, the Twinning Project is indirectly aimed at supporting the ability of the National Bank of Ukraine to actively participate in the Ukraine-EU association process and its new tasks that appeared after Ukraine acquired the status of a candidate country.
In addition to experts from the National Bank of Poland and the Bank of Lithuania, experts from the European Central Bank, the central banks of Belgium, Croatia, Greece, Hungary, the Netherlands, Portugal and Sweden, as well as the National Clearing Houses of Poland and Hungary are also involved in the implementation of this Project.
