Ukraine managed to maintain macro-stability during the war and despite the delay in external funding from donors. This was stated by Alfred Kemmer, Director of the European Department of the International Monetary Fund, in an interview with Voice of America, UNN reports .
First, Ukraine has once again maintained macro-stability, and this is a remarkable achievement against the backdrop of all the shocks Ukraine has experienced, both due to the war and the delay in external funding from donors
According to him, due to the delay in funds from the United States, Ukraine was forced to adapt its policies to compensate for this.
"I am optimistic that our program will achieve the result of macro-stability, strengthening the private sector, which will drive the economy," Kemmer said.
He also said that it is important for Ukraine's debt sustainability that the United States gave money in the form of grants earlier, and other funding from donors came on a concessional basis.
In addition, in order to maintain debt sustainability, Ukraine needs to receive external financial support on sufficiently favorable terms, changes in the budget, and restructuring of public and corporate debt.