The National Bank of Ukraine expects Ukraine’s gold and foreign exchange reserves to grow to $58 billion this year

This year, Ukraine may receive significantly larger amounts of financial assistance from international partners than previously expected, primarily due to the accelerated transfer of tranches under the ERA Loans mechanism.The rapid inflow of funds will allow not only to cover the planned state budget deficit for 2025, but also to form a reserve buffer for the following year. In 2026, when the volume of foreign aid may decrease, this reserve will be useful for uninterrupted financing of priority expenditures.

A large inflow of resources will also allow Ukraine to increase its international reserves to approximately $58 billion in 2025 and maintain them at this level in subsequent years. Strong reserves will contribute to the stability of the foreign exchange market and reduce the risks of sharp fluctuations in the hryvnia exchange rate.Combined with the National Bank’s prudent interest rate policy, this will keep inflation expectations of the population and business under control. According to forecasts, under such conditions, the inflation rate will gradually decrease to the target of 5% over the horizon of the current monetary strategy.Currently, as of April 1, 2025, Ukraine’s international reserves amounted to $42.38 billion, showing an increase of 5.6% during March. Such a positive dynamic trend lays a solid foundation for the country’s financial stability in both the current and next budget years.

 

Source: https://minfin.com.ua/ua/2025/04/17/149191382/