KYIV, Feb 1 – The Council of the National Bank of Ukraine (NBU), the meeting of which was held on January 30 with participation of members of the Expert Advisory Board of the NBU, recommends coordination of fiscal and monetary policies and continuation of cooperation of Ukraine with the International Monetary Fund (IMF), Deputy Head of the NBU Council Tymofiy Milovanov said.
"There will be several solutions... The first is coordination: the big problem lies between fiscal and monetary policies. That is, they need to be coordinated. This is one of several recommendations. The second is that we still need to continue improving the flexibility and structure of the economy so that it can respond to the challenges. Thirdly, it is important that these risks decrease so that the conditions of the IMF program are met," he said on Wednesday.