IMF reacts to NBU Smolii’s resignation

The International Monetary Fund (IMF) has commented on the resignation of the Governor of the National Bank of Ukraine, Yakiv Smolii. The Fund insists that Ukraine should maintain the independence of the central bank. This was reported by Reuters.

The IMF believes that Ukraine has made important progress in achieving price stability, and this suggests that an independent central bank is a key element of modern macroeconomic policy. In this regard, it is important that the independence of the NBU is maintained.

“The independence of the NBU is at the center of Ukraine’s program, supported by the Fund, and should be supported under his successor,” the IMF said.

Read also: President’s Office, G7 ambassadors react to NBU Governor’s resignation.