KYIV, Nov 19 – The National Bank of Ukraine said it will maintain financial stability in the country even if the International Monetary Fund refuses to resume lending, but hopes to avoid this scenario.

Kyrylo Shevchenko, the governor of the NBU who just returned from Washington after talks with the IMF, said the banking system would maintain stability and forex reserves are big enough to keep hryvnia stable.

“We, as the NBU, are ready for any scenario of events. But we would like to expect better," he said during the EBA Annual General Membership Meeting 2020. "Our key assumption is the continuation of cooperation with the IMF.”