Ukraine's external debt grows 1.1% qoq in 2Q09

The National Bank of Ukraine reported yesterday that the total external debt of Ukraine increased by 1.1% qoq in 2Q09 to USD 100.6 bln. Mykyta Mykhaylychenko: The increase was due to Ukraine receiving the tranche (USD 2.8 bln) of its loan from the International Monetary Fund in June. The money was split almost equally between the government and the NBU (the last tranche from the IMF in the amount of USD 3.3 bln was received in July and was not reflected in the official external debt figures yet). External debt of the private sector in declined 3.7% or by USD 2.9 bln in 2Q09. The total current level of external debt stands now at 58% of GDP.