KYIV, May 20 – Ukraine in the short-term outlook will be able to maintain macrofinancial stability without a new tranche from the International Monetary Fund (IMF), although in the long-term outlook the country needs to continue cooperation with the IMF, Executive Director of Blazer International Foundation and Volodymyr Zelensky's advisor for macroeconomic policy Oleh Ustenko said.
"To cover payments on loan bonds, we have reserves of the Single Treasury's account and a "safety cushion" in the form of more than $20 billion of forex reserves. Ukraine cannot now enter the foreign markets for borrowing capital. They are expensive for us. You will have to pay about 10% per annum," he said in an interview with Interfax-Ukraine.
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