Ukraine appoints new governor after IMF warns on independence

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The National Bank of Ukraine

The National Bank of Ukraine

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.

Ukraine’s president Volodymyr Zelensky nominated Kyrylo Shevchenko on July 15 to succeed Yakiv Smolii as head of the National Bank of Ukraine. Smolii left the role in extremely contentious circumstances. On the same day, IMF managing director Kristalina Georgieva issued a statement warning the government to respect central bank

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