About time - Gontareva resigned back in April, effective May 10. So how can it take six months to appoint a replacement in a country like Ukraine, on an IMF program, and still facing major economic challenges. Defies belief frankly.
The assumption was that Lavrenchuk was to be the next governor, given he is generally acclaimed as the best banker in the country, and likely most independent candidate for the job.
Remember the reason we had to wait until October for a new governor was supposed to be that Lavrenchuk was only available in September for personal reasons. So why now are they talking about two candidates?
What's going on? Maybe Poroshenko is still looking to extract a bit of leverage here - maybe even with the IMF - i.e. If I give you Lavrenchuk, will you moderate other aspects of the next review to ensure an easier sign off.
Other names in the frame likely are Alex Hrytsenko, CEO of Ukreximbank.
Timothy Ash is a senior sovereign analyst for BlueBay Asset Management in London.
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Volodymyr Verbyany in Kiev at email@example.com