IMF criticises Ukraine's bank refinancing program

The IMF has criticised the National Bank of Ukraine's long-term bank refinancing program saying it may distort the credit market, limit monetary policy flexibility and increase government spending.

Source: Interfax

The International Monetary Fund has criticized the National Bank of Ukraine's long-term bank refinancing program for financing innovative investment projects, the IMF office in Ukraine reported.

Directors are concerned about the program, which may distort the credit market, limit mon

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