REUTERS
Ukraine is to pay more than US$5 billion in foreign and domestic currency liabilities by the end of this year.
Ukraine's international reserves are estimated at US$19.3 billion, which is enough for the country to fulfill its debt obligations.
"The amount of international reserves is currently US$19.3 billion, and this is enough to fulfill sovereign obligations. At the same time, cooperation with the IMF [International Monetary Fund] is also access to another – official and private – financing, as well as a guarantee of further structural reforms, without which long-term sustainable growth of the Ukrainian economy is impossible," Governor of the National Bank of Ukraine Yakiv Smolii said when meeting with an IMF mission.
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According to him, the continuation of cooperation with the IMF is extremely important for supporting financial stability in Ukraine, as the country will have to pay more than US$5 billion in foreign and domestic currency liabilities by the end of this year.
The IMF mission has been working in Ukraine for the second week in order to assess the fulfillment of the conditions for disbursing another $1.3 billion under the current Stand-By Arrangement (SBA). IMF experts are also examining the issue of liability for illegal enrichment, which was canceled under a Constitutional Court ruling in Ukraine in February.