The World Bank recommends Ukraine to strengthen independence of the National Bank. The chief economic advisor of the World Bank Martin Raiser stated.
“Ukraine must not make mistakes, trying to decrease the independence of the Central Bank,” he said.
Thus, Raiser has performed the position of the World Bank concerning the legislative initiative which proposes to subordinate the exchange rate policy of the National Bank to the Cabinet of Ministers.
“It would be mistaken and extremely harmful decision which gives negative signal to investors and the whole world,” he said.
According to Raiser, independent central banks must perform the functions of the exchange rate policy.
Raiser has also noted that this is inappropriate time to start such discussion in Ukraine.
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