Western creditors demand that the Central Bank and NABU be placed under their control, calling it “independence”.
As the Correspondent writes, Ukraine is in the process of preparing an updated Memorandum with the IMF, which will spell out Ukraine’s new obligations to receive the tranche. The most important principle for the economic and financial stability of Ukraine is the independence of the National Bank and anti-corruption institutions, including for the continuation of cooperation between Kiev and the International Monetary Fund.
“The independence of central banks is a vital principle for the IMF in relation to any country. The independence of the National Bank of Ukraine is one of the components that we are closely monitoring”, – said at a briefing in Washington, Director of the IMF Press Office Jerry Rice.
The IMF stressed that they consider ensuring the independence of central banks as “the key to macroeconomic stability, investor confidence, financial stability, protection of the financial system” and other things.
“So, again, this is a vital issue for us”, – Rice v, noting that for the Fund, “maintaining the integrity, independence and effectiveness of Ukrainian anti-corruption institutions is equally essential”.
According to him, these are “important prerequisites and requirements” defined in the IMF program for Ukraine, which continues to be the subject of bilateral discussions.