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Ukraine to pay $ 6 billion on external loans in 2020, - National Bank Deputy Head

Source : 112 Ukraine

Rozhkova assured that Ukraine will not have problems with repayments of loans due to the sale of government bonds, the growth of foreign exchange reserves and other important steps of the Ministry of Finance
18:38, 1 January 2020
First Deputy of National Bank Kateryna Rozhkova
Reuters
 
The deputy chairman of the National Bank board Kateryna Rozhkova stated that in 2020 Ukraine should pay $ 6 billion in foreign loans. She said this in an interview with Minfin.
 
"Next year, Ukraine should pay about $ 6 billion on foreign loans, another $ 2.8 billion - on foreign currency domestic debts. And about UAH 129 billion (USD 5,1 billion), taking into account interest, we should pay on the domestic hryvnia obligations," said Rozhkova.
 
However, she assured that Ukraine will not have problems with repayments of loans. A positive effect was made by the sale of government bonds, which are now in high demand. According to Rozhkova, the Ministry of Finance is gradually replacing foreign currency debt with an internal hryvnia resource in order to avoid currency risks. Gold and foreign exchange reserves are growing. Since the beginning of December, the National Bank bought back $ 1,4 billion from the market. This all allows you to look more confidently in the next year,  Rozhkova said.
 
Related: IMF to approve new $ 5.5-billion worth program for Ukraine under certain conditions


On December 12, the head of the National Bank of Ukraine, Yakov Smoliy, said that this year there would be no signing of a new program with the International Monetary Fund, but the NBU expected this to happen in the first quarter of 2020.

Earlier an agreement on cooperation between Ukraine and the IMF on a new lending program was reached.

Kristalina Georgieva, Managing Director of the International Monetary Fund, confirmed the agreement on cooperation with Ukraine on a new program worth 4 billion SDR (Special Drawing Rights), or about $ 5,5 billion.
 
 
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