The President-elect Volodymyr Zelensky considers his priority task to continue cooperation with the International Monetary Fund and to ensure the political independence of the National Bank of Ukraine.

Zelensky said this during a meeting with the leaders of the leading international banks operating in Ukraine on May 14.

The President-elect noted that he plans to achieve Ukraine’s macroeconomic stability by securing the independence of the National Bank from political factors. At the same time, Zelensky expressed hope that banks will lower interest rates on loans, which will stimulate the economy.

“Reducing interest rates will be a boost to economic growth. For now, people are frightened and don’t trust the banks,” Zelensky said.

He also said that he would be a guarantor for every major investor who will come to Ukraine.

“President-elect supported the opinion of the banking community that judicial reform and protection of the rights of investors and creditors are the cornerstone for economic growth and attracting foreign investment. He emphasized the need to ensure transparent and equal rules of the game for both private and state-owned banks,” the press service said.

It should be noted that the IMF said they are in contact with the Ukrainian President-elect Volodymyr Zelensky and confirmed that they plan to cooperate with his administration.

Leave A Reply