Chance of default in Ukraine for three years, a small - less than 10%. This was stated by head of information-analytical center FOREX CLUB Ukraine Nikolay Ivchenko According to Ivchenko, the national economy this year may show an increase of 4,5-4,7% instead of 4.2% in 2010. Prices for steel and wheat, the main components of the export of Ukraine, are quite acceptable levels. According to the FOREX CLUB in Ukraine, foreign exchange reserves, which currently account for 36.67 billion dollars, can cover short-term debt of the state and the private sector (October 1 - 24.378 billion dollars). In addition, the ratio of public debt to GDP slightly higher than for developing countries: 43.38% at the end of January, while the average for developing countries this figure stands at 40%. "The weighted average yield of Ukrainian Eurobonds, which currently stands at 6.88%, shows the confidence of foreign investors in the country. If the risks of default would be substantial, this figure began to rise dramatically, as it was in late 2008 - early 2009 (up to 30-37%). Portfolio of government bonds owned by non-residents, is located at 9.996 bln, which is a confirmation of trust of non-residents in Ukraine and the national currency ", - said Ivchenko. In opposition, believe that there is every reason to talk about possible default in Ukraine as for 2010 the government increased the foreign debt of Ukraine at 117 bln. The American edition of «Business Insider» Ukraine has also made a list of 18 countries facing default. Meanwhile, the Ministry of Finance assured: in Ukraine today has enough financial resources and the default of the country is not threatened.
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