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There are more than US$2 billion and tens of billions of hryvnias on the government's accounts.
Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the regulator sees no problems with repayment of the country's external debts before the end of 2019, even if a new program with the International Monetary Fund (IMF) is not available within this period.
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"The situation is much better compared to last year. Now, there are more than US$2 billion and tens of billions of hryvnias on the government's accounts. The Finance Ministry has no problems with financing before the end of this year," he told journalists on August 20.
According to the official, the situation on global financial markets has not affected Ukraine for the same reason since the country has practically completed the borrowing program.
"We can get through without a program with the IMF, but the IMF program is very important for the price of borrowing," he said, adding that many countries with worse parameters are attracting resources at a lower price.
As UNIAN reported earlier, the IMF mission was working in Ukraine to assess the fulfillment of the conditions for disbursing another $1.3 billion under the current Stand-By Arrangement (SBA) and to consider the issue to ensure criminal liability for illegal enrichment introduced within the previous program, but canceled by the Constitutional Court of Ukraine in February 2019.
Following an IMF mission visit to Kyiv in May 2019, the IMF said it would resume negotiations on further cooperation with Ukraine after the parliamentary elections and the formation of a new Cabinet of Ministers.