Ukraine aggregate state debt climbs 0.5% in January

Ukraine’s state and
state-guaranteed debt rose 0.5% m/m to USD 90.7 bln as of Jan. 31, the Finance
Ministry reported Feb. 25. State domestic debt inched up 1.7% m/m to USD 1.7
bln, while state foreign debt slid 0.5% m/m to USD 44.3 bln. State-guaranteed
debt increased 0.9% m/m to USD 10.4 bln.

In UAH terms, the
overall state debt increased 0.2% m/m in January to UAH 2,558 bln, or 62.6% of
Ukraine’s estimated GDP in 2020.

Evgeniya Akhtyrko: The state debt in January increased
as the new domestic borrowing exceeded the redemption of local bonds. The
decline in the state foreign debt was due to debt repayments to IFIs.

The lower growth of
the state debt in UAH terms was mostly a result of 0.3% hryvnia appreciation in
January.

The state domestic debt will increase in February, as the new borrowings
at the domestic market for UAH 38.4 bln will exceed the February redemption of
domestic bonds of UAH 26.2 bln.