Ukraine needs to find $18 billion to pay off debts
To cover the fiscal deficit and fulfill debt obligations, the Ukrainian government must raise $18 billion, a PolitNavigator correspondent reports.
This was announced by the leading economist of the World Bank, head of programs in Belarus, Moldova and Ukraine Faruk Khan during a press conference regarding the economic forecast for Ukraine.
“The government must raise $18 billion to meet existing debt obligations and cover the fiscal deficit, including $8 billion from external sources,” Khan said.
At the same time, Khan expressed the opinion that in order to successfully attract the necessary financing, it is important for Ukraine to continue cooperation with the International Monetary Fund in the current and next years.
“Cooperation with the IMF, as well as with other international lenders, will send an important signal to international capital markets,” he said.
According to him, investors are concerned about the dynamics and pace of major reforms in Ukraine. And also because the program with the IMF has not yet been approved.
As reported, inflation is projected to increase in Ukraine in 2018.
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