KYIV, Nov 16 – An International Monetary Fund (IMF) official said Ukraine does not have enough international reserves to support macroeconomic stability.
"Now [hard currency reserves] are up again to about $19 billion. This is good, because it covers three months of imports. But our assessment is that for a country like Ukraine reserves are still too low. They should be more around $30 billion. This is not an exact figure, so in that sense, the policy of the central bank in buying hard currency is a positive one," Resident Representative of the IMF in Ukraine Goesta Ljungman said at the Fitch Ratings Annual Conference in Kyiv on Thursday.
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