Tuesday 30 December 2014

Only reforms can help Ukraine cope with financial crisis – Gontareva

Only reforms can help Ukraine cope with financial crisis – Gontareva:



"Ukraine can only cope with the financial crisis by conducting reforms, Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva has said.



"There is a full-scale financial crisis in the country, and we can cope with it only by conducting very swift, I'd say, extreme reforms," she said at a press conference on the results of the year in Kyiv on Tuesday.



According to her, the NBU has drastically changed its approach to refinancing banks, and the regulator continues "clearing up" the banking sector by withdrawing insolvent banks and money-laundering banks from the market, and that the Central Bank itself is undergoing reformation."



'via Blog this'

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