NBU waiting for about $2 bln from IMF this year

NBU waiting for about $2 bln from IMF this year

The National Bank of Ukraine (NBU) expects to receive about $2 billion from the International Monetary Fund (IMF) in 2018, the NBU's press service has reported.

"This year, the National Bank expects to receive about $2 billion from the IMF, and the government [hopes to get] loans from the EU and the World Bank. This will help increase international reserves to $20.5 billion (or 3.7 months of imports of the future period) at the end of 2018," reads the report.

However, the NBU noted that in 2019-2020, due to the peak payments for foreign public debt, it expected a deficit in the consolidated balance of payments and a reduction in international reserves.

As Ukrinform reported, IMF Managing Director Christine Lagarde said after a meeting with Ukrainian President Petro Poroshenko in Davos on January 24 that the IMF, along with other international partners, was ready to continue supporting Ukraine.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". Materials marked Advertising are published based on the advertising rights.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: