Ukraine to borrow $19 billion in 2014

Ukraine to borrow $19 billion in 2014

YEREVAN, February 17. /ARKA/. Ukraine is planning to borrow 163.5 billion hryvnia (18.9bln dollars) in the local and global markets, RBC-Ukraine reported referring to the 2014 national debt management program.

Mid-term debt instruments will have the greatest share in borrowings – 54.6% (long-term – 35.7% and short-term instruments 9.7%).

The country will borrow about 111.3 billion hryvnia (or 68.1%) in the domestic market and 52.2bln hryvnia (31.9%) in the external market. National debt payments from budget will total 140.3 billion hrynia (16.2bln dollars).

According to preliminary estimates from Ukraine’s ministry of finance, share of national debt may be 56.3% in foreign currency and 43.7% in local currency by the end of 2014, but the proportion may change depending on loan terms and/or market behavior. –0--

11:29 17.02.2014

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