Following "Perestroika" and the fall of the USSR in 1991, the Kyiv-Mohyla Academy was reestablished. This was made possible through the efforts of Vyacheslav Bryukhovetskiy - a high-profile Ukrainian academic - who later became the first president of the 'National University of Kyiv-Mohyla Academy' (NaUKMA). The reestablished institution became the first Ukrainian educational institution to be modelled on and structured according to the basic concepts of the North American higher educational system, with bachelor's and Master's degrees offered according to the requirements of an academic credit system.