Ukraine needs to borrow about UAH 457 bln this year – finance minister

Ukraine needs to borrow about UAH 457 bln this year – finance minister

Ukrinform
Ukraine needs to borrow about UAH 457 billion in 2020, Finance Minister Serhiy Marchenko has stated.

"By the end of the year, we need to borrow about UAH 457 billion, but this amount includes both internal and external borrowings. We plan to re-issue internal loans, to make the so-called rollover. I do not see any problem of reissuing domestic debts. As for external debts, we are trying to finalize our program with the IMF and reach out to the Board in the near future. This will allow us to receive about USD 3.5 billion from the IMF this year, plus this will unblock World Bank funding of up to USD 1 billion. It will also help us receive EUR 500 million of macro-financial assistance from the EU, which has already been announced, and EUR 1.2 billion, which we can receive additionally," Marchenko said in an interview with HB Business.

He noted that these are the main borrowings the state plans to implement before the end of the year.

As reported, Ukraine expects to receive the first tranche from the International Monetary Fund in the amount of USD 1.75 billion in the near future.

ish


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-