Ukraine aggregate state debt declines 1% in March

Ukraine’s state and state-guaranteed debt declined
1.4% m/m to USD 90.2 bln as of March 31, the Finance Ministry reported on April
30. State foreign debt dropped 2.0% m/m to USD 43.4 bln, while state domestic
debt stayed flat at USD 36.7 bln. State-guaranteed debt declined 3.2% m/m to
USD 10.0 bln.

In UAH terms, the overall state debt declined 1.5% m/m
in January to UAH 2,514 bln, or 60.0% of Ukraine’s GDP in 2020.

Evgeniya Akhtyrko: The decline
of the state foreign debt was mostly the result of repayments on loans by
Deutsche Bank, the IMF and the European Union. The state domestic debt stayed
flat as the outlays for redemption of local bonds were mostly compensated by
new domestic borrowing.

In April, Ukraine’s state debt will climb
reflecting USD 1.25 bln from the 8Y Eurobond placement on April 26.