The NBU will discuss easing currency restrictions with the IMF.

On May 23, the IMF mission began preparations for the first review of the EFF program with Ukraine. The National Bank said that during negotiations special attention will be paid to the gradual easing of currency restrictions. The preparation of an appropriate strategy is one of the structural beacons under the EFF Program. The plan also includes a return to a flexible exchange rate and inflation targeting.

In addition, during the first review of the EFF Program the status of Ukraine’s fulfillment of obligations stipulated in the Memorandum on Economic and Financial Policy will be discussed. These are tax-budgetary and monetary policy measures, ensuring financial stability and structural reforms for medium- and long-term growth.