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Ukraine will fill three vacant seats out of nine in the Council of the National Bank of Ukraine (NBU) by the end of April next year, according to the updated Memorandum on Economic and Financial Policy based on the results of the 6th revision of the program of the EFF of Ukraine and the International Monetary Fund (IMF), writes Interfax .
"We will continue working with IMF staff on the development and adoption of amendments to the law on the NBU with the aim of establishing appropriate selection criteria for the Council, strengthening guarantees of financial independence, more clearly defining the conditions for counterparties' access to refinancing operations and providing emergency liquidity assistance, as well as further strengthening the status of the NBU as a secured creditor", according to the memorandum published on the website of the Ministry of Finance.
"We will ensure that vacant positions in the NBU Council are filled by the end of April 2025," the document also states.
Earlier, in the autumn of this year, the head of the central bank Andrii Pyshnyi in an interview with the Interfax-Ukraine agency assessed the work of the NBU Council as effective, despite the absence of three of its nine members.
The Board of the National Bank consists of nine members: four each are appointed by the President and the Verkhovna Rada, as well as the head of the NBU. Currently, Igor Veremiy and Vasyl Furman have been appointed under the presidential quota (in June and November 2022), and Vasyl Horbal (in September 2020), Anatoly Barsukov and Elena Shcherbakova (in December 2022) under the Verkhovna Rada quota.
