Home
/
News
/

Ukraine foreign debt reaches 81.8% of GDP in July

Ukraine foreign debt reaches 81.8% of GDP in July

19 September 2014

Ukraine’s gross foreign debt fell 0.4% (USD 0.6 bln) in 2Q14 to USD 136.8 bln, or 81.8% of GDP as of July 1, the National Bank of Ukraine (NBU) reported on Sept. 18. Short-term external debt declined 1.4% to USD 58.9 bln in 2Q14, including USD 29.8 bln in long-term debt maturing through the year. Debt decreased most in the categories of private non-banking sectors (USD -2.9 bln) and the banking sector (USD -1.1 bln). At the same time, state liabilities and liabilities of monetary authorities increased during the quarter by USD 2.7 bln and USD 841 mln, respectively.

 

Alexander Paraschiy: The warfare is the core source of debt capital outflow in 2Q14. At the same time, an IMF loan tranche (USD 3.2 bln), a Eurobond placement (USD 1 bln) and various loans from IFIs prevented gross external debt from dropping even further in the quarter. In 2H14, we expect the tendency with private debt reduction to continue while new loans from the IMF, World Bank and from the EU will keep flowing in. Therefore, we project gross foreign debt to increase in 2H14 on the back of IFI support. However, we do not expect foreign debt to exceed USD 140 bln as of end-2014.

 

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...