However, this will be offset by greater capital inflows to the private sector amid an improvement in the investment climate. What does the implementation of the forecast depend on? Further cooperation with the International Monetary Fund remains the basic assumption of the macroeconomic forecast.
The NBU expects that a new cooperation program with the IMF will be signed in the coming months, after the Ukrainian parliament approves the required draft laws. The new cooperation program, official borrowing and nonresidents’ sustained interest in domestic Treasury bonds and bills will sustain the rise in international reserves every year, despite Ukraine going through a period of peak external public debt payments.