Ukraine must pay $3 billion before year’s end: what you need to know about debt

Украина должна выплатить $3 миллиарда до конца года: что нужно знать о госдолге

Ukraine must repay foreign debt of about $ 3 billion this year

This is stated in the press release international rating Agency S & P Global Ratings, writes UNIAN.

It is noted that in 2020 the volume of payments to foreign creditors about $ 5.5 billion, Or about 4% of GDP. In addition, payments on the public debt in foreign currency in the domestic market in 2019 will be about $ 2 billion, Or 1.5% of GDP.

Украина должна выплатить $3 миллиарда до конца года: что нужно знать о госдолге

S&P noted that Ukraine’s implementation of the program with the International monetary Fund (IMF) remains the key to external funding, without which the ability of governments to service foreign currency debt obligations in 2019 and 2020 are uncertain.

So, the current agreement with the IMF valid until October, after which the new President and government will have to negotiate a new agreement with the Fund, which, in the opinion of the Agency, may include a more rigorous reform programme.

S&P has said that the current IMF program foresees the introduction of a Higher anti-corruption court and the adoption by the Verkhovna Rada of the law on the division of supervision on the financial market, and also required the restoration of responsibility for illegal enrichment after the abolition of the Constitutional court.

“If the decision is not taken within the next month following viewing and payment of the IMF can be delayed,” predicts the Agency, noting that in the absence of funding the IMF and other official creditors there is a risk of deterioration of external financing conditions of Ukraine.

Note that the world Bank downgraded forecasts for GDP growth of Ukraine in 2019. According to the world Bank, he will fall from 2.9% to 2.7%. This is stated in his official report of the April “On the economies of Europe and Central Asia”.

Украина должна выплатить $3 миллиарда до конца года: что нужно знать о госдолге

Similarly, Analytics not for the first time since the beginning of the year reduced their assessments in January, the world Bank reduced the expected rate from 3.0% to 2.9%.

But according to some experts, in the following years the country’s economy will grow at an accelerated pace: in 2020 the GDP growth will amount to 3.4%, and in 2021-m to 3.7%.

 

Recall that the sizes of service firms in the it section make about 4% of Ukraine’s GDP.

As reported Politeka, in Ukraine it is not customary to think of other people addicted to your work.

Politeka also wrote that Ukrainian GDP in the fourth quarter grew by 3.4%.