IMF: Securing independence of Ukraine’s National Bank is essential for macroeconomic stability

IMF: Securing independence of Ukraine’s National Bank is essential for macroeconomic stability

Ukrinform
The International Monetary Fund believes that the elimination of macroeconomic imbalances in recent years has allowed to stabilize the economy, while securing the independence of the National Bank of Ukraine is essential for the macroeconomic stability in the country.

"The elimination of macroeconomic imbalances in recent years has allowed stabilizing the economy. It is important to maintain it through a continuous, well-balanced economic policy. Sustainable development requires an increase in investment. The improvement of business environment, in particular through combating corruption, will help [to boost investments]. Turning the National Bank of Ukraine into a reputable, modern, independent central bank with strong governance structure is an important step for Ukraine. Securing the independence of the NBU is essential for the macroeconomic stability,"  IMF Resident Representative in Ukraine Gösta Ljungman said during the panel discussion "Reserves of economic and financial system development", the NBU press service reports.

He also stressed that Ukraine should make progress in privatization, tax administration, financial sector, judicial, energy sector and land market reforms. 


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