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NBU Governor Kyrylo Shevchenko Holds First Meeting with the World Bank

The Governor of the National Bank of Ukraine (NBU), Kyrylo Shevchenko held his first meeting with the World Bank. Anna Bjerde, World Bank Vice President for Europe and Central Asia, as well as NBU Board members, Kateryna Rozhkova, First Deputy Governor, and Dmytro Sologub, Deputy Governor attended the meeting.

"The World Bank was and remains one of the strategic partners of Ukraine in general, and of the NBU in particular. Cooperation with the World Bank, as well as cooperation with the International Monetary Fund opens access for Ukraine to foreign funding, which is of great importance to our country today. At present, the priority for the NBU is to hold a sound and constructive dialogues with international partners. Thus, communicating with the World Bank, the Big Seven, and the IMF are my first steps to start the time in office,” noted Kyrylo Shevchenko, NBU Governor.

“We cherish our cooperation. Today, the NBU and stability of Ukraine walk hand in hand. We consider very important for you to continue NBU policy, including inflation targeting and the floating exchange rate regime. We support your efforts in safeguarding transparency in the financial sector, the reform of corporate governance, and the independence of supervisory boards in state-owned banks,” said the World Bank Vice President for Europe and Central Asia, Anna Bjerde.

According to Governor Shevchenko, the NBU will advance cooperation with the government, continue to reform corporate governance, as well as take measures to resume lending in the Ukrainian economy. Also, the Governor thanked the World Bank for assistance in devising plans and mechanisms to reduce the portfolio level of bad loans for state-owned banks.

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