## Statement by the IMF Managing Director on Ukraine

_IMF News, July 14, 2020_

## Source details

**Canonical URL:** [Statement by the IMF Managing Director on Ukraine](https://www.imf.org/en/news/articles/2020/07/14/pr20259-ukraine-statement-by-the-imf-managing-director)

## Other formats

- [Markdown version](/en/news/articles/2020/07/14/pr20259-ukraine-statement-by-the-imf-managing-director/index.md)
- [Structured JSON version](/en/news/articles/2020/07/14/pr20259-ukraine-statement-by-the-imf-managing-director/index.json)
- [Bundle manifest](/en/news/articles/2020/07/14/pr20259-ukraine-statement-by-the-imf-managing-director/bundle-manifest.json)

## Bibliographic details
- Published: July 14, 2020

---

### Summary of the statement
- Press Release No. 20/259
- Date: July 14, 2020
- Speaker: Kristalina Georgieva, Managing Director of the International Monetary Fund
- Context: An open discussion with President Volodymyr Zelenskyy on concerns about the pressures being put on the National Bank of Ukraine (NBU).

### Findings and assessments
- “The reform of the NBU and its performance over the past five years is a clear success story for Ukraine.”
- “An independent central bank helps macroeconomic stability, supports investors’ confidence, and protects the financial system—all crucial preconditions for investment and growth.”
- “The credible policy actions of the NBU have been instrumental in stabilizing the economy.”
- “The successful clean-up of the financial sector – which was ravaged by fraud – is also credit to the supervisory work of the NBU.”

### Policy recommendations and imperatives
- “It is in the interest of Ukraine to preserve the independence of NBU and it is also a requirement under the current IMF-supported program.”
- “I urged President Zelenskyy to stay the course of sound monetary and financial policies – those are key to stronger investment and inclusive growth.”

### Media and contact information
- IM F Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Gediminas Vilkas
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson

*Source: Press Release No. 20/259, July 14, 2020, International Monetary Fund.*

---


## References

- [https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva](https://www.imf.org/en/about/senior-officials/bios/kristalina-georgieva)
- [Ukraine and the IMF](http://www.imf.org/external/country/UKR/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2020/07/14/pr20259-ukraine-statement-by-the-imf-managing-director_