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Ukraine to keep up discussion with IMF officials in a “remote” mode

The final meeting of IMF representatives and senior officials at the National Bank of Ukraine took place on 4 November 2011. The closing meeting of the IMF officials and NBU executives headed by Governor of the National Bank of Ukraine Serhiy Arbuzov was held the day before the IMF mission departure.

Governor of the National Bank of Ukraine Serhiy Arbuzov and the IMF’s mission chief Thanos Arvanitis discussed challenging issues as part of implementing the IMF/Ukraine Stand-By arrangements.

Serhiy Arbuzov thanked the IMF mission for the meaningful dialogue and confirmed Ukraine’s commitment to continue it in the format of a remote communication. He also said that cooperation with the IMF was necessary and obvious for development of the Ukrainian economy. Mr. Arbuzov expressed readiness to consider recommendations delivered by the mission and to put them in place.

IMF’s mission chief Thanos Arvanitis pointed out he was satisfied with the National Bank of Ukraine having performed its obligations in implementing the Stand-By Program, and underlined that a “constructive discussion with both the National Bank of Ukraine and other government institutions will continue for the preparation and harmonization of a specific report for IMF executives.”

The parties discussed IMF recommendations and agreed that the monetary policy for the following year should ensure maintenance of an acceptable value of inflation, strengthening of the banking system and keeping up a financial stability in Ukraine.

 
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