“According to the regulator’s estimates, the current volume of international reserves provides financing for 5.5 months of future imports”, — write: www.radiosvoboda.org
They reportedly increased by 9.7% in December 2024 compared to November, thanks to foreign currency inflows from international partners that exceeded the net sales of foreign currency by the National Bank and the country’s foreign currency debt payments.
In general, according to the NBU’s estimates, during 2024, Ukraine’s international reserves will increase by 8%.
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“Last year, Ukraine received strong global financial support – according to balance sheet data, about 42 billion US dollars. The largest financial assistance came from the European Union – 17.5 billion dollars. USA, United States of America – 6.8 billion dollars. USA, World Bank – 6.1 billion dollars. USA, IMF – 5.3 billion dollars. The USA, Japan – 4.3 billion US dollars, Canada – 1.8 billion dollars. the United States,” the message says.
Also last year, Ukraine received more than 3.5 billion dollars thanks to the placement of currency bonds of the domestic state loan. This, together with international aid, made it possible to compensate for the servicing of the public debt and the net interventions of the NBU on the sale of currency, as well as to increase international reserves to a level that allows maintaining exchange rate stability.
According to the regulator’s estimates, the current volume of international reserves provides financing for 5.5 months of future imports.
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The head of the National Bank, Andriy Pishnyi, explained the increase in the volume of international reserves primarily due to the support of Ukraine’s partners.
“In 2025, Ukraine expects to receive about 38 billion dollars. USA from international partners. Therefore, the NBU’s ability to maintain a sufficient level of international reserves and ensure the stability of the foreign exchange market will remain high,” Pyshnyi said.
In December, the IMF Board of Directors completed the sixth review of the Enhanced Financing Program (EFF) for Ukraine, deciding to allocate about 1.1 billion US dollars to Ukraine.