NBU expects Ukraine's forex reserves to remain at about $30 bln – NBU head
The National Bank of Ukraine (NBU) expects the preservation of Ukraine's international reserves at about $30 billion, Governor of the NBU Kyrylo Shevchenko has said.
"Thanks to funding from the International Monetary Fund (IMF) and other partners, Ukraine will be able to maintain international reserves at about $30 billion, despite the significant volumes of external debt repayment," he said during a press briefing on monetary policy by the NBU.
He noted that the NBU expects funding from the International Monetary Fund under the current Stand-By Arrangement, as well as official funding from the EU, the World Bank and other international partners.
According to him, this funding will cover a significant part of the budgetary needs in 2021.
As reported, the international reserves of Ukraine in 2020 increased by 15% and as of January 1, 2021 amounted to $29.1 billion.
Advertising
Advertising
MORE ABOUT
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%
11:03, 06.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
NBU completing development of bill on war risk insurance system in Ukraine
16:21, 30.04.2024
LATEST
Solsky sums up main areas of financing agricultural sector in 2022-2024
20:29, 09.05.2024
Rada regulates distribution of 12% of normative monetary value of public land for its lease through auctions
19:58, 09.05.2024
USA to allocate over $190 mln to support Ukraine's energy sector over five years
20:22, 08.05.2024
Shmyhal orders to approve restoration schedules for energy facilities, reinforce their defense before next heating season
18:56, 08.05.2024
Ukrenergo will limit industrial consumers, businesses from 18:00 to 23:00, emergency shutdowns for public possible