VILNIUS, Lithuania—The USAID/World Council of Credit Unions (WOCCU) Credit for Agriculture Producers (CAP) Project last week helped representatives of Ukraine’s credit union sector prepare to implement the country’s new credit union law by leading them on a study tour to learn the best practices of Lithuanian credit union operations, regulation and supervision.
MADISON, Wis.—The Verkhovna Rada of Ukraine on July 14 passed a law updating the country’s legal framework governing the operations of credit unions, laying the foundation for a level playing field for credit unions in the financial services market. These changes to the legislation will facilitate increased access to financing for underserved Ukrainians.
LVIV, Ukraine—Representatives of Deposit Guarantee Fund (DGF) of Ukraine Wednesday presented the initial concept of a deposit guarantee system for credit union members at a round table for the sector organized by the USAID/World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project.