Groysman: Ukraine is in good financial condition

"As to the balance, the country is now in good financial condition. We have accumulated $20 billion of foreign currency reserves, the dollar was absolutely stable and even started to decline, about UAH 60 billion is on the single treasury account. All programs have been funded. I have kept this stability and accumulated reserves over the past three years,” he said in an interview with ICTV, when commenting on recent statements made by President Zelensky’s team that Ukraine can maintain financial stability without a new tranche from the IMF.

According to the prime minister, his strategy was to repay debts or reduce them to a minimum. And Ukraine has managed to do that because quite recently the national debt in relation to GDP was 80%, and at present it is 59%.

“This means that it [the debt] to GDP ratio is declining and is entering a safe trajectory, which should be continued,” he emphasized.

Commenting on the negotiations with the International Monetary Fund, Groysman said that the IMF mission is working in Ukraine.

"We are in dialogue. When reviewing the program, it is important for the IMF to see a clear policy of what the state will do next," he said.

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