The National Bank of Ukraine acclaims the visit of the IMF Mission to Kyiv, which is planned to be held in the beginning of September. The visit suggests consistency in Ukraine’s course of performing reforms and improving prospects of providing financial aid to the fund for macroeconomic stability as well as providing access to the related official financing from other international partners.
“The visit of the IMF Mission to Ukraine means decreasing uncertainty in further development of the Ukrainian economy and improving expectations of the market participants!” – the NBU Governor Yakiv Smolii emphasized.
With the approaching prospects of receiving the IMF financing, the FX market of Ukraine will respond positively and the Government will get better opportunities to obtain financing from international capital markets on reasonable terms despite the weakening investor appetite for developing markets’ assets. The financing is needed for peak repayments on external public debt in 2018–2020.
For reference
According to the Inflation Report (July 2018), the National Bank of Ukraine expects that implementation of structural reforms will allow Ukraine to obtain USD 2 billion of financing from the IMF till the end of the current year. As the result, till the end of 2018, the international reserves of Ukraine will be increased to USD 20.7 billion.