Tuesday, November 29, 2011

IMF: external debt of Ukraine will grow

International Monetary Fund forecasts an increase in public debt of Ukraine in 2011. It is expected that 41,7% of GDP at end-2010 debt will rise to 42,4% of GDP in the IMF expects that in 2012 the state debt of Ukraine may reach 43.7% of GDP, and then begin to fall. In 2013, the debt can be reduced to 41,8% of GDP in 2014 - up 39.4% of GDP in 2015 - up 34.6% of GDP. As Ukrainian News reported, Ukraine this year alone has to pay its creditors about 80 billion UAH. Prime Minister Azarov said that today the average weighted interest rate on borrowings was 7.7% - three times less than in January 2010, when it reached 22% and sometimes 30%.

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