Page 31 - UKRRptJan22

The surplus of the financial account slid to $793mn from $963mn in the prior month. In particular, the net inflow under trade credits amounted to $779mn, while the net foreign currency inflow in the banking sector was $83mn. The net foreign currency inflow from the operations of the government sector amounted to $74mn, while the net FDI inflow was assessed at $6mn.
The surplus of Ukraine’s balance of payments amounted to $377mn in November (vs. a $1.1bn deficit in October).
In 11M21, the surplus of Ukraine’s balance of payments amounted to $0.1bn (vs. a deficit of $0.8bn in 11M20).
5.2.3 Gross international reserves
Ukraine’s gross international reserves increased by $0.89bn, or 3.0% m/m, to $30.5bn in November, the National Bank of Ukraine (NBU) reported on December 7. The increase was mostly due to the IMF second tranche to Ukraine under the Stand-By Arrangement of $0.7bn.
In November, the foreign currency inflow to the government’s accounts amounted to $493mn. It included a loan from Cargill Financial Services International for €250mn as well as receipts form the placement of local Eurobonds amounting to €167mn. At the same time, the government spent $482mn for the redemption and servicing of debts in foreign currency, including $251mn for the redemption and servicing of local Eurobonds. In addition, the NBU paid $64mn to the IMF.
31 UKRAINE Country Report January 2022 www.intellinews.com