The world Bank has calculated how many millions of Ukraine needs to pay off debts

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The largest mortgage payments will be in 2019.

Over the next two years, Ukraine needs to accumulate or to borrow 18 billion dollars in order to pay off debts, most of which will need to be given in 2019 Of which 8 billion will need to bring in external markets.

“Ukraine 2018-2019 will need substantial funding to service the external debt and cover fiscal deficits,” said lead economist of the world Bank office in Ukraine, Belarus and Moldova Farooq Khan, quoted by “Interfax-Ukraine”.

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Khan is convinced that Ukraine needs to continue to borrow from the International monetary Fund.

“Cooperation with the IMF and other international lenders will be an important signal to the international capital markets”, – he said.

We will remind, last year the total public and publicly guaranteed debt amounted to 71,8% of GDP (last year – 80.9 per cent). Of these, direct debt amounted to 61.5% of GDP, guaranteed and 10.3%. At the same time, in dollar terms, the debt increased by 7.5% (5.3 billion dollars) – up to 76,31 billion. In UAH increased by 11% (211,9 billion) to 2 trillion 142 billion UAH.

The world Bank has calculated how many millions of Ukraine needs to pay off debts

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