National Bank of Ukraine met with the IMF mission

Tuesday, February 1, the first meeting of leadership of the National Bank of Ukraine (NBU) with representatives of the International Monetary Fund (IMF), which began its work in Ukraine, headed by Thanos Arvanitis. This is stated in a communique the NBU, the text of which has LIGA.Finansy. During the meeting, the chairman of the National Bank Sergei Arbuzov expressed hope for fruitful cooperation and confidence in the successful implementation of the tasks facing the IMF mission. The task of the IMF mission specialist during a visit to Ukraine would be to assess the implementation by Ukraine of the parameters of the overall program and consultations under Article IV of the IMF whose aim is to discuss pressing issues and challenges facing the financial systems of countries - members of the IMF. VS Arbuzov notify their representatives IMF on the implementation of the National Bank of the parameters of "stand-by", stressing that the National Bank of Ukraine has fulfilled all the criteria that fall within its purview. "In addition, Sergei Arbuzov noted the success in achieving low rates of inflation, lack of monetary component, which refers to the sphere of influence of the NBU, as well as expressed satisfaction with the signs of stabilizing the banking sector of Ukraine", - said in a statement. IMF mission head Thanos Arvanitis, according to the NBU, also noted Ukraine's progress in carrying out most of the indicators of the program. "In addition, the IMF agrees with the estimates of the Ukrainian side for the restoration of economic stability, as shown by, among other things, the growth of household deposits in banks, as well as the gradual restoration of credit," - said the National Bank. During the meeting the sides discussed issues of the program, as well as the possible risks of failure. "Special attention was given to the operationalization of bills that will significantly improve the transparency of the banking system will contribute to its consolidation, as well as improve the investment climate in this sphere", - noted the press service of the regulator. According to National Bank, will soon hold meetings of experts NBU and other agencies of Ukraine and representatives of the IMF mission, during which will be discussed in detail these issues. Source: LІGA.Finansy