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    Inflation in Ukraine will likely stand at 44 percent for 2015, Governor of the country's National Bank Valeria Gontareva said Tuesday.

    Ukraine National Bank Forecasts 2015 Inflation at 44%

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    The inflation level is expected to stand at 44 percent at the end of 2015, according to Ukraine's National Bank.

    KIEV (Sputnik) — Inflation in Ukraine will likely stand at 44 percent for 2015, Governor of the country's National Bank Valeria Gontareva said Tuesday.

    "According to our forecasts, inflation at the end of the year is 44%," Gontareva told reporters.

    Ukraine is counting on receiving $8.87 billion in financial aid in 2016, according to material disseminated during a press conference by the head of the Ukrainian National Bank.

    According to the material, Kiev is expecting to receive $4.58 billion from the International Monetary Fund, $1.55 billion from the European Union, $1 billion from the United States, $210 million from the World Bank, and another $1.53 billion from various other financial sources.

    Ukraine's economy has been weakened amid an armed conflict between Kiev forces and independence supporters in the country's southeast that has been continuing since April 2014.

    Currently, Ukraine increasingly relies on external funding to reanimate its economy in light of a deep recession and high inflation.

    The IMF granted Ukraine a $17.5-billion aid package, to be distributed over the next three years.

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    Tags:
    International Monetary Fund, inflation, National Bank of Ukraine, World Bank, European Union, Valeria Gontareva, Ukraine
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