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Head of National Bank of Ukraine could be dismissed, - sources in President's Office

Source : 112 Ukraine

Further personnel replacements, however, could make the negotiations on IMF loans even harder
17:20, 20 July 2021

Open source

Head of the National Bank of Ukraine Kyrylo Shevchenko could be replaced and leave his office. Financial Times wrote that, citing two sources from the President's Office.

The outlet stressed that further personnel replacements, however, could make the negotiations on IMF loans even more complicated.

In his interview with FT, Shevchenko said that the gap that is available for the approval of the loan is "not as significant as we'd like it to be". But he still believes the IMF could assign 3.2 billion dollars for Ukraine this year.

"Ukraine will get 2.7 billion dollars more, as a result of allocation of special rights of borrowing that should be approved in August", wrote the outlet.

Related: National Bank keeps refinancing rate at 7,5%

Last July, the Ukrainian Parliament appointed Kyrylo Shevchenko Head of the National Bank of Ukraine. Prior to that, he served as the Chairman of the Board of Ukrgasbank since May 2015. Earlier, he also held the position of First Deputy and Executive Chairman of the Board. In 2012-2014, he was an adviser to the head of Oschadbank.

Related: Ukraine could get IMF loan by late 2021, - deputy head of National Bank

 

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