"In 2019-2020, Ukraine has to pay off about $12 billion in foreign debt, including interest payments. We do not have access to other funding channels without the IMF program, namely the funds from the European Union, the World Bank. Therefore, the proposal to sign a new program with the IMF is economically feasible," Governor of the National Bank of Ukraine Yakiv Smoliy said in an interview with Vox Ukraine.
He noted that the National Bank of Ukraine expected the meeting of the IMF Executive Board on the provision of loan to Ukraine to be held before the Christmas holidays.
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