Under what conditions would this forecast be realized? The primary assumption of the NBU Board is that Ukraine will continue to cooperate with the IMF. Ukraine reached staff level agreement with the IMF. This has opened the way for the first revision of the Stand-by Arrangement (SBA) by the IMF Executive Board, and for consideration of the request for the program to be continued.
The implementation of the existing Stand-by Arrangement will ensure the receipt of required official financing in 2021–2022, provide better terms of external borrowing, while also supporting foreign investors’ interest in hryvnia assets. Cooperation with the IMF will help speed up economic growth, stabilize inflation at its target level, and maintain international reserves at USD 30 to USD 31 billion in the coming years.