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President of Ukraine Introduces NBU Governor Kyrylo Shevchenko

President of Ukraine Introduces NBU Governor Kyrylo Shevchenko

President of Ukraine Volodymyr Zelenskyi has officially introduced NBU Governor Kyrylo Shevchenko to the NBU team today. The meeting was also attended by Prime Minister of Ukraine Denys Shmyhal, Minister of Finance Serhii Marchenko, members of the NBU Council, and representatives of embassies.

"Only a brave and self-confident person can lead the NBU at a time when the world and Ukraine have been going through a difficult financial situation. I believe that despite the difficulties and challenges, the new head of the NBU will ensure that all of its key objectives are met.

First and foremost, the NBU must support macroeconomic stability and pursue a monetary policy that maintains this stability. As an independent regulator, the NBU must work to promote long-term economic growth while keeping the domestic currency stable. The NBU Governor also faces the task of mitigating the economic fallout from the coronavirus crisis and accelerating Ukraine’s recovery from it. In so doing, it is important to make sure that effective cooperation with the IMF, the World Bank, and Ukraine’s other financial partners continues. No less important is it to implement systemic solutions that will finally deliver two long-awaited outcomes: real loans for Ukrainian businesses and affordable mortgage lending for households. This requires coordinated steps and changes not only by the NBU, but also by the government, the Parliament, and the judiciary," said President of Ukraine Volodymyr Zelenskyi as he introduced the NBU Governor to the central bank’s team.

"Today, the Parliament, the president, the government, and the NBU can and should stand united as a solid mechanism that can build out the national economy. Together, we must create favorable conditions, including monetary and prudential ones, for sustainable economic growth. We cannot achieve this without maintaining an effective dialogue. I will do everything in my power to increase the central bank’s role in supporting the Ukrainian economy and improving the quality of life of Ukrainians," emphasized NBU Governor Kyrylo Shevchenko.

"I assure you that as an entity that develops the Monetary Policy Guidelines, the NBU Council will, jointly with the NBU Board, pursue this policy, which will facilitate the development of the Ukrainian state," said Chairman of the NBU Council Bohdan Danylyshyn.

Speech by NBU Governor Kyrylo Shevchenko.

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