Ukraine to repay US$9 bln in foreign currency debts in 2020

The years of 2019 and 2020 will see peak payments to external lenders.

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Ukraine next year will have to repay about US$9 billion in public debt in foreign currency, taking into account interest payments, UNIAN learned from a macroeconomic forecast by Alfa-Bank (Ukraine).

The payments include US$3.7 billion in eurobonds, US$2.8 billion in government domestic loan bonds in foreign currency, and US$1.4 billion in payments to the International Monetary Fund.

Analysts say ensuring refinancing of the state's external debt through the resources of international financial organizations and improving access to the global capital market remains a key priority for the country's financial and economic policy.

Read alsoUkraine sees over US$821 mln budget deficit in Jan-Sept

According to experts, the debt to GDP ratio will decrease from 60.9% in 2018 to 52.7% in 2020.

Analysts also predict the average annual hryvnia exchange rate against the U.S. dollar at UAH 27.20 in 2019, UAH 26.15 in 2020, and UAH 26.65 in 2021.

As UNIAN reported earlier, the years of 2019 and 2020 will see peak payments to external lenders, the volume of which over the current year will stand at about US$6 billion.

Ukraine's state and government-guaranteed debt in the U.S. dollar equivalent grew by 1.3%, or US$1.03 billion, in September 2019, to US$82.95 billion.

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