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Finance ministry reveals Ukraine’s borrowing target for 2019

“Our budget has laid down an approximate equivalent of $4 billion in external financial needs,” Markarova told reporters Tuesday.

According to her, external financing could come from several sources, including the World Bank, the European Union, bilateral lending with other countries, and access to external capital markets.

“We are now actively working to attract resources from international financial organizations and potential bilateral lending,” Markarova added.

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However, the official noted that the Ministry of Finance is actively negotiating with all partners, including the G7 states.

As UNIAN reported earlier, in 2019, Ukraine will have to pay foreign creditors about UAH179 billion, or $6.1 billion, to repay and service the debt at the official rate of the National Bank.

The volume of public and government-guaranteed debt of Ukraine in 2018 increased in dollar terms by $2.02 billion, or by 2.6%, to $78.32 billion. In the hryvnia equivalent, the volume of public debt during this period was up by UAH 26.94 billion, or 1.3%, to UAH 2.169 trillion.

In relation to GDP, Ukraine’s public and government-guaranteed debt in 2018 decreased to about 62.7% from 71.8% in 2017.