The NBU points to achievements in the financial market during the war.

The National Bank has maintained exchange rate stability and switched to managed exchange rate flexibility, which will strengthen the economy and financial system’s adaptability and minimize the accumulation of risks, noted the head of the NBU, Andriy Pyshniy.

“After the transition, the state of the foreign exchange market began to improve. Its depth increased significantly – three times,” he added.

At the same time, as Pyshnyi noted, 2024 will be a “difficult journey for the financial sector” as “the budget for defense is creating significant needs.” He noted that Ukraine will continue to need external financing.

“Therefore, we will focus as much as possible on ensuring rhythmic and sufficient international financial support. Implementation of the program with the IMF will continue to be a priority,” he said.

Pyshnyi reported that total international financial support in 2023 reached almost $43B. “At the same time, we will work on further mobilization of domestic resources,” Pyshnyi added.