OREANDA-NEWS. May 30, 2012. Governor of the National Bank of Ukraine Sergiy Arbuzov held a regular working meeting with the representatives from the European Department of the International Monetary Fund.

During the course of the meeting, the sides discussed a number of issues, including the prospects for Ukraine’s participation in the Vienna Initiative, which was launched as an informal forum bringing together regulatory authorities and politicians to coordinate cross-border banking activities of its participants.

“We believe that the National Bank of Ukraine would be a constructive committed member of the Vienna Initiative and Ukraine would benefit from this membership. We have already signalled our intention to the members of this group and our representatives in the Steering Committee to support your participation in the Vienna Initiative,” said Mr. Christopher Jarvis, mission Head of the IMF's European Department. (The International Bank for Reconstruction and Development and the Oesterreichische Nationalbank have earlier expressed their backing for the NBU’s participation in the Vienna Initiative). 

The Governor of the National Bank of Ukraine thanked the representatives from the European Department of the International Monetary Fund for their efforts to support the NBU’s participation in the Vienna Initiative and pointed out that the evaluation and recommendations provided by the experts are of great importance for Ukraine.