The IMF does not. Danyluk told where Ukraine will take money to pay off credit debt
In 2017-2019 years, Ukraine should return to 14 billion U.S. dollars of credit debt, $ 11 billion of which should be paid from the state budget.
Money plan to borrow on international markets. This was stated by Finance Minister Alexander danyluk on the forum on development of the Ukrainian economy in Kiev, reports UNIAN.
“The key to pay is to market on favourable terms. We plan to market this fall. Obviously, to obtain favorable conditions is possible only in case, if you show progress in the implementation of reforms, the progress in the cooperation program with the IMF. This does not mean that the IMF is not worth mentioning. We just need to focus on what we can do within the country. I believe in this positive way. Progress in cooperation with the IMF will be a good point of entry into the borrowing market. Of course, debt payments are a problem, but controllable process”, – said danyluk.
At the end of January 2017 total state (direct) and guaranteed debt of Ukraine amounted to UAH 1,931 trillion or 71,21 billion.
We will remind, 4-year enhanced financing program for Ukraine with the International monetary Fund, launched in March 2015, completed in 2019.