Photo from UNIAN Ukrainian President Petro Poroshenko believes that in 2018, Ukraine managed to ensure macro-financial stabilization and escape from the risk zone. “Four years ago, Ukraine was half step short of default and one step short of a national catastrophe," Poroshenko wrote on Facebook Friday. "And Russia&#39;s further armed aggression, illegal annexation of Crimea, and occupation of a part of Donbas led to the loss of about a quarter of our industrial potential,” wrote the president. Read alsoUkraine&#39;s economy-2019: Slower growth with lower inflation “However, we managed together to ensure macro-financial stabilization and Ukraine’s pull-out from the risk zone. I clearly realize that we still have many issues yet to be solved. But we&#39;re definitely past the hardest part. Moving forward!” added Poroshenko. As UNIAN reported earlier, the IMF&#39;s Executive Board approved a new bailout program for Ukraine in the amount of US$3.9 billion. The program focuses on further fiscal consolidation, a reduction in inflation, the strengthening of the financial sector and an improvement in tax administration. In addition, the World Bank&#39;s Board of Directors approved a financial guarantee to Ukraine for US$750 million, which will help raise about US$1 billion on international markets for the country&#39;s national budget. Ukraine&#39;s international reserves in 2018 grew 10.6%, to $20.820 billion, updating a five-year record, according to the National Bank.