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National Bank head Kirill Shevchenko faces resignation—Financial Times

A resignation can threaten Kyrylo Shevchenko, the Governor of the National Bank, the Financial Times reports, citing two sources close to President Volodymyr Zelenskyy.

However, the newspaper noted that further personnel reshuffle will make negotiations with the IMF even more difficult.

At the same time, Shevchenko himself noted that the window available for confirming the credit is not as significant as hoped. He also believes that the IMF will give Ukraine $3.2 billion this year.

The publication added that Ukraine will receive another $2.7 billion as a result of the allocation of special drawing rights that are planned to be approved in August.

Context. Recently, the National Bank of Ukraine liquidated the department that had provided legal support to Privatbank and court cases on it.

In addition, on June 30, the management of the NBU Licensing Department announced that they were leaving in full force due to disagreement with the current policy of the National Bank. The financiers accused the Governor of the regulator Kyrylo Shevchenko of centralizing the regulator's leadership. Later, the employees agreed to extend their work until early fall.

Several more officials of the National Bank, in particular the Director of the Financial Stability Department, announced their wish to resign for the same reason.

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