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IMF hopes new NBU governor will maintain central bank's independence

IMF hopes new NBU governor will maintain central bank's independence
17 of July 2020 г.
The International Monetary Fund (IMF) has sent their congratulations to newly appointed Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and expects the central bank's independence and high level of professionalism to be maintained under his leadership.

IMF Resident Representative in Ukraine Goesta Ljungman said this in a statement seen by Ukrinform.

Ljungman said that the effective implementation of the National Bank's monetary, exchange rate and financial sector framework over the past few years had strengthened Ukraine's economy.

"It is essential that the National Bank's independence and high level of professionalism be maintained under the new governor," the statement reads.

Earlier, the National Bank of Ukraine was headed by Yakiv Smolii, who tendered his resignation on July 1 due to "systematic political pressure." The Verkhovna Rada accepted his resignation on July 3.

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