Expert says IMF loan will hardly help Ukraine retain exchange rate at UAH 8.5/USD 1

KYIV, March 30. This year's tranches worth USD 9.5 billion of the International Monetary Fund's loan of USD 16.4 billion will help Ukraine only partially compensate for the outflow of funds from the national economy, the head of the Forex-Club information and analytical center, Mykola Ivchenko, believes.

He said that this outflow could be compensated in the form of the negative balance of payments at USD 12 billion and would help retain the U.S. dollar exchange rate at no more than UAH 10 / USD 1.

“However, another USD 10-11 billion will be required to stabilize the dollar exchange rate at the level of UAH 8.50 / USD 1 and support the stability of the national banking system,” Ivchenko said.

The expert said that the outflow of funds from Ukraine had stabilized over the last three months. “This figure totals, on average, around USD 2 billion, however, the pace of the balance of payments slightly worsened in February,” he said.


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