Kyiv: Ukraine can sustain public debt payments without IMF’s assistance
Ukraine's international reserves are sufficient to meet public debt payments until the end of 2020, said the Governor of the National Bank of Ukraine, Yakiv Smolii, the bank’s press service reported.
"The volume of Ukraine's international reserves is enough to go through a period of peak payments on public debt until the end of 2020 and without external financing but further prospects for the country’s economic growth will directly depend on progress in the implementation of structural reforms," Smolii said.
Speaking about the implementation of structural reforms, the Governor stressed that these are the reforms envisaged by the program of cooperation between Ukraine and the IMF, and that further progress in implementing these reforms is important not only for preserving macro financial stability but also for ensuring long-term economic growth in Ukraine.
"Further cooperation with the IMF is the key to investor confidence and affects the cost of debt capital for Ukraine," the head of the NBU explained.