July 20, 2020 / 3:56 PM / 23 days ago

New Ukraine central bank governor expects no delay in receiving IMF loans

Kyrylo Shevchenko, Ukraine's Central Bank Governor, speaks during a news conference in Kyiv, Ukraine July 20, 2020. REUTERS/Gleb Garanich

KYIV (Reuters) - Ukraine’s new central bank governor, Kyrylo Shevchenko, said on Monday he did not expect there to be delays in Ukraine receiving loans from the International Monetary Fund under a new $5 billion deal.

Shevchenko also told reporters the central bank would not allow uncontrolled inflation. He said the central bank would maintain its existing policy on having a floating exchange rate, and on PrivatBank, Ukraine’s largest lender, which was nationalised in 2016.

Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Andrew Heavens

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