In the second quarter of 2020, Ukraine’s gross external debt increased by $ 2.5 billion and amounted to $ 122.8 billion, according to the National Bank.
In terms of GDP, debt increased to 78.8% from 75.1% at the end of the first quarter. At the beginning of the year the figure was 78.6%.
“External debt increased due to an increase in external liabilities of the public sector by $ 1.4 billion to $ 52.9 billion (33.9% of GDP) and the private sector by $ 1.1 billion to $ 69.9 billion (44.8 % of GDP) “, – the report says.
According to the geographical structure of indebtedness of the real sector on unsecured loans (together with intercompany debt), the main creditor country remains Cyprus (48.7% of the total). It is followed by the United Kingdom (13.9%), the Netherlands (5.1%), the Virgin Islands (3.3%), and Russia (2.6%).
The liabilities of the government and the NBU, which are to be repaid in the next 12 months, decreased by $ 1.2 billion (to $ 4.5 billion) mainly due to future payments on IGLBs (by $ 1 billion).
Future liabilities of the banking sector increased by $ 35 million to $ 2.5 billion. External liabilities of the real sector for the next 12 months remained at the first quarter and amounted to $ 38.4 billion.
It is worth noting that since the beginning of the year the figure has grown by $ 1.1 billion.
According to the schedule of planned payments on external debt, in the third quarter of 2020 Ukraine plans to pay $ 6.2 billion.
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