NBU has improved its reserve forecast amid expected partner assistance: what are the figures

The National Bank of Ukraine has improved its expectations for the volume of international reserves to $43.6 billion in 2024 and $41 billion in 2025, UNN reports.

Details

According to the NBU, uncertainty about the amount of international assistance has decreased. It is expected that with sufficient external support, the government will be able to continue to finance significant budget expenditures, and the NBU will be able to ensure the stability of the foreign exchange market.

"International support for Ukraine will remain substantial. Taking into account the expected receipts, the NBU has improved its assumptions for external financial assistance for 2024-2026. The total amount of international financing is expected to reach USD 41.5 billion this year, and USD 38.4 billion next year. USD, and next year - USD 38.4 billion. The regulator said.

Continued external support, together with sufficient domestic market borrowing, the NBU noted, "will allow the government to continue to cover the significant budget deficit without resorting to emission financing.

"For its part, the NBU will be able to maintain an adequate level of international reserves to maintain the stability of the foreign exchange market. Their forecast volumes have been revised upward compared to the July estimates - to USD 43.6 billion and USD 41.0 billion. USD and USD 41.0 billion in 2024 and 2025. USD in 2024 and 2025, respectively," the statement said.

Ukraine's economy is growing despite the war: NBU raises forecast to 4% for 2024Oct 31 2024, 12:45 PM • 21138 views