Ukraine funding at ‘high risk’ as central bank governorship remains up in the air

AdobeStock_Ukraine_IMF_575x375_15July2020
By Mariam Meskin
15 Jul 2020

Ukraine's access to both IMF funding and debt markets was at "high risk" as concerns arose over the candidates to be the next governor its central bank. The IMF warned president Volodymyr Zelensky on Tuesday of the importance of maintaining the National Bank of Ukraine's independence, which some say highlights how critical the choice of governorship will be.

Possible candidates for the governorship, according to market experts and Kiev-based sources, include chairman of the National Bank of Ukraine board Bohdan Danyshlyn, University of Berkley professor Yuriy Gorodnichenko, Ukrgasbank chairman Kyrylo Shevchenko, Raiffeisen Bank Aval chairman Volodymyr Lavrenchuk and European Bank for Reconstruction and Development alternate director ...

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