The Parliament of Ukraine adopted two need to receive IMF tranche of the law to strengthen the independence and institutional strengthening of the National Bank of the country.
Acceptance of the change in the number of laws is one of the conditions of allocation of Kiev to the second tranche of the international monetary Fund in the amount of 1, 7 billion.
Rada adopted amendments relate to the Council of the national Bank, its autonomy, as well as General reserves and profit distribution. Provides for the strengthening of Supervisory powers of the Board of the national Bank, for example, it is Proposed to place the full responsibility for the internal monitoring and risk management. In addition, the increased personal autonomy of Board of national Bank and his deputies head. It is Also proposed to reduce the number of members of the Board of the NBU (up to nine people instead of 15) and the Board of the national Bank for up to six people instead of 11), reports RIA " Novosti ". Also written the rules of profit distribution between the Central Bank and the government. For example, they will be directed to the gradual build-up of common stocks that they reach the level of 4%, 7% and 10% of monetary liabilities at the end of 2014, 2015 and 2016 respectively. The documents shall be signed by the leader of Ukraine, it is planned that they will enter into force on the day following the day of its promulgation in the official media. Last week, Deputy Finance Minister Sergei Storchak said that Russia hopes to receive 22 June 75 million payment from Ukraine for the loan, with any fact of non-payment will be perceived by Russia as an " event of default ". On may 19, the Verkhovna Rada of Ukraine adopted the law that will give the ability to suspend payments on restructured debt. The Russian President Vladimir Putin called the decision of Kiev weird. In his vision, the Declaration on the fact of default suggests a low level of professionalism. Also, according to Putin, Russian banks have loan portfolios to Ukraine in the amount of 24-25 billion. Prime Minister Medvedev D. A. Also explained the actions of the Rada. According to him, such decision is, really, a Declaration of default at the same time with the Declaration of force majeure on debt.

sections: Politics