Ukraine for three years to pay 25 billion dollars of public debt, - NBU

19 December 2017, 11:34 | Economy
photo УРА-Информ
Text Size:

The main amount and interest on it is about $ 20 billion, as well as more than five billion dollars - on the debts of state companies. Such data are presented in the report on financial stability of the National Bank of Ukraine, published on Monday, December 18.

According to the forecasts of the regulator, before the completion of the current program of cooperation with the IMF, Ukraine should receive another $ 3.5 billion in two tranches. In this case, the entire country will receive about 12.2 billion dollars from the total amount of the program 17.5 billion dollars.

Of this amount, about a third will be used to repay IMF loans attracted under the preliminary programs, the NBU explained, adding that the delay with the continuation of cooperation with the IMF could have consequences for Ukraine.

To reduce the risks of refinancing external debts and the associated threats to financial stability, the NBU considers it advisable to begin negotiations on the launch of a new program with the IMF until the end of the current program in early 2019.

This is critically important not only to ensure macrofinance stability and adequate external financing, but also to maintain the dynamics of reforms, the National Bank's report says..



Recall, as reported URA-I, the deputy head of the NBU Catherine Rozhkova yesterday said that the delay in granting Ukraine the next tranche could lead to macro-financial instability in the country. According to her, the banking sector and credibility, as well as the ability of banking institutions to provide such services, continue to grow. However, there are very high legal risks of losing their assets due to gaps in the legislation, which worsens the overall economic environment, "she explained..




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer