Zelensky has signed the law on banks

Its adoption is a condition of the agreement with the IMF.

President Vladimir Zelensky signed the banking act, reports the Chronicle.info with reference to the Correspondent.

Soon this was reported by the press service of the President’s Office.

The IMF said that they expect the signing Zelensky banking law for the promotion of the program Stand-by and continue to discuss with Kiev, the parameters of further interaction.

“We welcomed the adoption (by the Verkhovna Rada of Ukraine — ed.) of the banking law, which strengthens the settlement process in the banking sector and guarantee use of public resources”, — said the Director of the press office of the IMF Jerry rice.

The Stand-by program will help Ukraine overcome the consequences of coronavirus crisis in the economy and healthcare, said rice.

“And then, as I said last time, when the economic recovery becomes more stable, our policy focus should switch back to the solution of problems of long-term structural reforms in Ukraine with the aim of promoting a more powerful and inclusive growth”, — said the representative of the IMF.

As stated earlier, the head of the national Bank Jacob Smoliy, the IMF will allocate a tranche of Ukraine only after the signing of this law by the President.

We will remind, on may 13, Parliament adopted the law on banks. He finally forbid the returning of the nationalized banks former owners, prohibits the return of failed banks, whose owners through the courts has made reversing the decision of the national Bank on its insolvency.

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