Ukraine's gross foreign debt shrinks to $117.4 bln

Ukraine's gross foreign debt in Q1 2016 shrank by $1.371 billion, or 1.2%, as compared with Q4 2015, to $117.358 billion, according to the National Bank of Ukraine (NBU).

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The U.S. dollar remains the core foreign currency of Ukraine's foreign borrowings accounting for 74.3% of the borrowed funds as of April 1, the NBU said.

As of April 1, general government debt was estimated at $36.805 billion, or 31.4% of gross foreign debt, while debt of central bank's sector amounted to $6.366 billion, or 5.4%, debt of deposit-taking corporations sector stood at $11.126 billion, or 9.5% of gross foreign debt. Other sectors debt accounted for 46.4% of total debt, or $54.476 billion. While, direct investments (intercompany lending) amounted to $8.585 billion, or 7.3%.

As UNIAN reported earlier, Ukraine's gross foreign debt in 2015 decreased by $7.6 billion, or 6%, to $118.729 billion as compared to the previous year.

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