Over the next 12 months, Ukraine must pay $ 10 billion from its foreign currency debt. This is stated in the June report of the National Bank on financial stability.
“Over the next 12 months, only foreign currency payments of the government and the NBU on public and guaranteed debt will exceed $ 10 billion. In the hryvnia segment of the market repayment of principal and interest in the second half will exceed 130 billion UAH,” – said in a statement.
The Central Bank notes that the schedule of debt payments in the next three years remains tight. It is noted that the load is distributed relatively evenly, which should not create significant problems for the Ministry of Finance, although the average volume of auctions should increase.
It is also reported that funding needs may be mitigated by the IMF’s additional $ 650 billion special issuance of special drawing rights to support the global economic recovery.
“If the issue is approved by the IMF Board of Directors, Ukraine will increase its international reserves by about $ 2.7 billion. However, it is likely that these funds will come after the peak payments in September, there is no clear answer about the possibility of using them to finance the budget deficit.” said in the report.
As of the end of April, the total public and state-guaranteed debt of Ukraine in national currency equivalent amounted to UAH 2,534.28 billion ($ 91.33 billion in foreign currency equivalent). Over the month, public debt increased by $ 1.2 billion.
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