Every year Ukraine should repay a substantial sum for the national debt

Annually Ukraine needs to repay more than seven billion dollars by 2021.

From 2018 to 2021, with annual payments to repay and service public debt in foreign currency will exceed $ 7 billion. This is stated in the October inflation report of the NBU.

As noted, the schedule of payments on external obligations quite difficult.

“During 2018-2021 annual payments to repay and service public and quasi-public foreign-currency debt will exceed $ 7 billion”, – the report says.

In this respect, Ukraine remains critical further introduction of structural reforms to improve the business environment and conditions for long-term economic growth.

“In this context, significant is the continued cooperation with the IMF, which may be not only nominal anchor for reforms and support a sustainable macroeconomic development, but also contribute to the successful borrowings in the international financial markets”, – noted in the NBU.

National Bank also believes that the return of Ukraine to the market of external borrowing in September is clearly a positive signal not only for investors that invest in debt securities, but also for potential direct investors.

“It also improves the prospects of new issues in the corporate sector (including public companies). Moreover, a portion of past placements ($1.6 billion) was used for the repayment of Eurobonds, which must be repaid in 2019 ($1.2 billion) and 2020 (0.4 billion dollars),” added the Central Bank.

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