The Rada is expected to approve Shevchenko. But it is unclear if he will have the character to stand up to oligarchs who want their bankrupt banks back. In face of pressure that included death threats, the last two governors resigned halfway through their 7-year terms. On Tuesday, Zelenskiy promised IMF Managing Director Kristalina Georgieva in a telephone conversation that he would appoint “an independent technocrat” to the central bank post. Georgieva made clear that central bank independence is a major condition for continuation of the $5 billion IMF agreement with Ukraine. Bloomberg headlined a story yesterday: “IMF Billions in Peril as Ukraine’s Leader Boxes Himself In.”
The Rada is expected to approve Shevchenko.
