In its policy decisions, including those concerning the balance of payments, the National Bank of Ukraine (NBU) is fully justified in basing its macroeconomic forecast on the assumption of sufficient international financing, since the probability of this scenario materializing exceeds 5, NBU Governor Andriy Pyshnyy said. The governor highlighted that this assumption is critical for maintaining economic stability, especially in the context of ongoing global financial uncertainties.
Pyshnyy’s remarks were part of a broader discussion on Ukraine’s economic resilience amidst international sanctions and the ongoing conflict with Russia. He underscored the importance of international support as a key factor in the country’s ability to sustain its economic growth and manage its debt obligations. The governor noted that while challenges remain, the likelihood of securing necessary international financing is a pivotal consideration for the NBU’s planning.
Analysts have welcomed the governor’s stance, viewing it as a positive signal for investor confidence. However, they also caution that the situation remains complex, with ongoing geopolitical tensions and economic sanctions posing significant risks. The NBU’s approach is seen as a balanced strategy that acknowledges both the opportunities and challenges of international financing in the current economic climate.