Ukraine’s international reserves grew by 18% in March and amounted to $43.8B on April 1, the National Bank reported. The regulator explained that the increase is due to the volume of income from international partners, which exceeded the net sale of currency by the National Bank and the country’s debt payments in foreign currency. Thus, $9.31B was deposited into the government’s currency accounts at the NBU:
- $4.9B from the EU (under the Ukraine Facility).
- $1.62B from the World Bank.
- $1.5B from Canada.
- $880.7M from the IMF.
- $286.2M from the placement of foreign currency bonds.
- $118.2M in grant funds from Japan.
- $32.4M in grant funds from Serbia.
Also, Ukraine paid $363.5M for service and repayment of state debt in foreign currency. In addition, Ukraine paid $728.5M to the IMF. The net sale of currency by the NBU in March amounted to $1.8B. Reserves were also affected by the revaluation of financial instruments, which increased their cost by $266.3M.