NBU chief tells int'l investors whether bank's policies set to change

Governor of the National Bank of Ukraine (NBU), Kyrylo Shevchenko, has assured international investors of the invariability of the NBU course,  according to the regulator's press service.

Shevchenko held a number of meetings with representatives of international investment institutions, the press service wrote on Facebook on August 27.

Along with the NBU head, his deputies Yuriy Heletiy and Dmytro Solohub have also attended the meetings, as well as Government Commissioner for Public Debt Management Yuriy Butsa.

Read alsoIMF hopes Ukraine central bank chief will keep the bank's independence – media"We remain in the cooperation program with the International Monetary Fund and will make efforts to fulfill our obligations on time and in full. The National Bank will continue its consistent monetary policy. The NBU will also continue its policy of a flexible exchange rate," the press service quotes Shevchenko as saying.

We remain in the cooperation program with the International Monetary Fund

The NBU governor noted that the National Bank in its cooperation with investors will be guided by "the principles of transparency and partnership."

Ukraine and IMF: background

On June 9, the IMF Executive Board approved an 18-month Stand-By Arrangement for Ukraine worth the equivalent of SDR 3.6 billion (about $5 billion) aimed at helping Ukraine overcome the consequences of the coronavirus crisis.

On June 12, Ukraine received from the IMF the first tranche of the loan under the new arrangement. In September, the IMF is expected to carry out the first review of Ukraine's implementation of program requirements.