The International Monetary Fund (IMF) requires Ukraine to devalue the hryvnia and lower interest rates.
Bloomberg writes about this with reference to Ukrainian officials, Ukrainian News Agency reports.
According to the publication, the IMF mission, which began work this week, will pressure the Ukrainian authorities to continue devaluation and interest rate cuts in order to obtain financial support.
The IMF mission has started work to review the credit program for Ukraine.
The results of the review may unblock the payment of USD 1.1 billion to Ukraine.
However, according to the publication, the National Bank of Ukraine does not want to allow further weakening of the hryvnia.
The currency has already lost more than 10% since October 2023 last year, when the fixed exchange rate ended.
The devaluation of the hryvnia will call into question the National Bank's ability to maintain price stability.
As Ukrainian News Agency earlier reported, according to IMF calculations, the average annual exchange rate of the hryvnia to the dollar will be: 2024 - 41.0 UAH/USD, 2025 - 45.8 UAH/USD, 2026 - 48.6 UAH/USD.
The National Bank of Ukraine introduced managed exchange rate flexibility from October 3, 2023.
The NBU canceled all currency restrictions for the import of works and services and allowed the repatriation of "new" dividends.
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