UNITED STATES, WASHINGTON (OBSERVATORY) — In September, Ukraine is due to pay the IMF about half a billion dollars, in total for debts – a billion.
In the first half of 2019, the National Bank reduced its liabilities to the International Monetary Fund by 25.45 billion hryvnias. This is evidenced by the interim financial report of the NBU.
So, at the end of June, NBU obligations to the IMF amounted to 269.311 billion hryvnias. And IMF loans fell from 214.155 billion hryvnia to 193.166 billion hryvnia.
This happened due to the repayment of obligations to the IMF by 258 million SDRs (special drawing rights), which is 9.674 billion hryvnias at the exchange rate at the time of payment, as well as exchange rate revaluation of the debt.
According to the payment schedule, on September 3, Ukraine should pay the IMF 114.333 million SDRs (special drawing rights) – $ 156 million in equivalent. On September 13, the IMF plans to pay 295.5 million SDRs.
In addition, by the end of the day, the Ministry of Finance will pay $ 661 million in Eurobonds and pay off $ 444 million percent.
In total, in the 3rd quarter, Ukraine should pay about $ 4 billion in foreign debt.
It should be noted that over the two months of summer, the state debt of Ukraine grew by $ 4 billion, while over the entire last year – by 2 billion.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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