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Photo from Ukrinform – UATV
Ukraine is currently in good financial condition, Prime Minister Volodymyr Groysman has stated.
“As to the balance, the country is now in good financial condition. We have accumulated $20 billion of foreign currency reserves, the dollar was absolutely stable and even started to decline, about UAH 60 billion is on the single treasury account. All programs have been funded. I have kept this stability and accumulated reserves over the past three years,” he said in an interview with ICTV, reports Ukrinform. He was commenting on recent statements made by President Zelenskyi’s team that Ukraine can maintain financial stability without a new tranche of funds from the International Monetary Fund.
According to the prime minister, his strategy was to repay debts or reduce them to a minimum. Ukraine has managed to do that because the national debt in relation to GDP has fallen from 80% to 59%.
“This means that [the debt] to GDP ratio is declining and is entering a safe trajectory, which should be continued,” he emphasized.
Commenting on the negotiations with the International Monetary Fund, Groysman said that the IMF mission is working in Ukraine.
“We are in dialogue. When reviewing the program, it is important for the IMF to see a clear policy of what the state will do next,” he said.
