Ukraine must repay $27B in next four years, - PM Hroisman

Ukraine's Premier Volodymyr Hroisman says the country must settle $27 bln in external debt in the next four years.

As reported by Censor.NET, he said it in an interview with Interfax-Ukraine, answering the question about the need for international financing to get over the debt peak of 2019-2020.

"It stands to reason that in order to serve our debts, we need a growing economy, we need investments so that we receive more treasury revenues. On the other hand, we must properly manage our state debt, serve it, fulfill our obligations, and here we need external support. Because over the next four years we must pay off $27 bln, which is a huge amount," Hroisman said.

He recalled that during 2007-2014 Ukraine took $47 bln in loans, which it serves today.

"Arsenii Yatseniuk (Ukraine's PM in 2014-2016) managed to carry out debt restructuring in 2015. But the burden is still great," the premier added.

According to Hroisman, such external debts put huge pressure on the national economy and restrain the development of the country.

"Can we independently manage such a debt without external support? Not yet. After we have bigger economic growth, we'll have more opportunities. But we still require external support," the prime minister said.

He also noted that after Ukraine gets the next IMF tranche, the borrowing rate will significantly decrease.

Источник: https://censor.net.ua/en/n3064143