Ukraine appoints new governor after IMF warns on independence

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

Ukraine’s government appointed a new central bank governor after the International Monetary Fund’s head publicly warned it to preserve the institution’s independence.

President Volodymyr Zelensky nominated Kyrylo Shevchenko on July 15 to lead the National Bank of Ukraine, two weeks after effectively firing Yakiv Smolii from the role. On the same day, IMF managing director Kristalina Georgieva issued a statement warning the government to respect central bank independence and protect financial

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