(VOVWORLD) - National Bank of Ukraine (NBU) Governor, Andriy Pyshnyy said on Thursday that Kyiv will require at least 37 billion USD in external financing next year due to high expenditures on defense.
 Ukrainian troops in Severodonetsk, Donbas region. (Photo: AFP) |
“International support will remain very important for maintaining macro-financial stability in the coming years,” Pyshnyy said.
The official stressed the need for Ukraine to continue its cooperation with the International Monetary Fund (IMF) and other foreign partners to obtain the aid.
Since the beginning of this year, Ukraine has received about 27 billion USD in international assistance, which allowed it to boost foreign reserves to an all-time high of 39 billion USD at the end of June.
By the end of this year, international assistance for Ukraine is expected to reach 42 billion USD, Pyshnyy said.