KIEV, June 3 (Xinhua) -- The Chairman of the Ukrainian National Bank Council, Bohdan Danylyshyn, said Monday Ukraine is to repay 3.5 billion U.S. dollars of foreign debt over the next four months.
"Ukraine will need to repay foreign debt worth 1.8 billion U.S. dollars during the three months of summer and another 1.7 billion U.S. dollars in September," Danylyshyn wrote on his Facebook page.
He is sure Ukraine will meet these obligations but would need government borrowing, as well as the international reserves of the National Bank of Ukraine (NBU), which are reduced due to the payment of 1.7 billion dollars of the sovereign debt at the end of May.
According to the Ministry of Finance, overall Ukraine plans to pay 6.3 billion dollars of the external debt in 2019. This includes the 660 million dollars worth of bond repayment in September.
Also, Ukraine's debt repayment to the International Monetary Fund this year is estimated at 1.2 billion dollars and payments to other international financial institutions are about 0.8 billion U.S. dollars.
Ukrainian Ministry of Finance hopes to attract 4 billion dollars of foreign loans to fulfill these obligations.
