The National Bank has worsened the forecast of the growth of international reserves from USD 43.4 billion to USD 41.2 billion based on the results of 2024.
The NBU has said this in a statement, the Ukrainian News agency reports.
At the same time, the forecast for reserves for 2025 and 2026 has also worsened.
Thus, by the end of 2025, the size of international reserves is expected to be at the level of USD 37.3 billion, while according to the previous forecast, their size was USD 44.3 billion.
The forecast for the growth of international reserves for 2026 has been lowered from USD 39.3 billion to USD 32.0 billion.
The basic scenario of the forecast foresees the preservation of significant volumes of external financing of Ukraine, which, however, will slowly decrease as the internal capacity to cover budget expenditures with its own resources expands.
It is expected that international partners will provide Ukraine with about USD 38 billion in soft loans and grants this year, and at least USD 31 billion next year.
Such volumes of external revenues, together with an increase in internal investments, will make it possible to finance a significant budget deficit - about 23% of GDP in 2024 and 18% in 2025.
For its part, the NBU will be able to maintain a sufficient volume of international reserves to ensure the stability of the foreign exchange market and moderate inflation.
As the Ukrainian News agency earlier reported, as of July 1, 2024, Ukraine's international reserves, according to preliminary data, amounted to USD 37,894.2 million.
In June, they decreased by 2.9%.
In 2023, international reserves of Ukraine increased by 42% to USD 40.5 billion.
In 2022, international reserves decreased by 7.9% to USD 28.5 billion.
In 2021, international reserves increased by 6% to USD 30.941 billion.
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