Photo from UNIAN
Ukraine's Finance Minister Oleksandr Danyliuk has announced Ukraine plans borrowings on foreign markets by placing eurobonds this year, but the amount will not be high, as the Ukrainian government counts on loans from its main lenders, the International Monetary Fund and the World Bank.
"We plan to go onto foreign markets to borrow money. This won't be a large sum; rather it will be a signal that we are still there. There is no need for large-scale [bond] placements now," the minister said at a press conference in Kyiv.
Read alsoFinance Ministry to submit draft law on financial police to Cabinet Feb 1 – DanyliukIn his words, Ukraine will be able to borrow "cheaper" money from the International Monetary Fund and the World Bank in the next two years.
Danyliuk said earlier that Ukraine could enter foreign debt markets in the second half of 2017 if there is a proper yield on bonds and the country's credit ratings are good enough.
In September 2016, Ukraine placed eurobonds worth $1 billion at a yield of 1.471% against U.S. government guarantees.