REUTERS
The IMF program will open the way to co-financing from the European Commission and the World Bank.
The National Bank of Ukraine (NBU) expects a positive decision by the International Monetary Fund (IMF) on a loan for Ukraine under a new program and sees no reason for the country's default.
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"There is every opportunity to handle the required payments. The economy is much better prepared for the challenges than ever. The banking system, which earlier became the catalyst for the crisis, is now clean and well capitalized, so it cannot bring unpleasant 'surprises' for the economy," the NBU wrote on Facebook on March 27, quoting NBU Deputy Governor Oleh Churiy.
Today, there is no reason to talk about default or termination of the fulfillment by Ukraine of its foreign debt obligations, as the National Bank has a high margin of safety, while its international reserves total nearly US$25 billion.
In addition, the central bank expects a positive decision by the IMF on the allocation of financing to Ukraine, since one of the necessary bills for the functioning of the banking system has already been registered in the Verkhovna Rada, Ukraine's parliament.
"They only need to vote on it. The IMF program will open the way to co-financing from the European Commission and the World Bank. Being under the umbrella of international organizations, Ukraine may overcome this difficult period with the least losses," the regulator said.