KYIV, April 12 – The National Bank of Ukraine (NBU) has revised upwards its forecast for Ukraine's forex reserves to $21.6 billion as of late 2018 from $20.5 billion, the central bank has reported on its website.

The forecast for 2019 was revised to $19.1 billion from $17.8 billion and for 2020 – to $20 billion from $18.6 billion.

"In 2018, the NBU expects to receive about $2 billion from the International Monetary Fund, as well as government loans from the European Union and the World Bank, which will increase forex reserves to $21.6 billion at the end of this year. However, in 2019 and 2020 is the peak of payments on external public debt and the balance of payments will have a deficit and forex reserves will be reduced," the NBU said.