You're reading: Xinhua: No default foreseen on Ukraine’s public debt, says IMF official

The International Monetary Fund (IMF) sees no reason to worry about Ukraine's possible default on public debts, said an IMF official on Tuesday. "I would say that Ukraine's public debt has increased significantly over the past two years, but it is still not so high. It is about 40 percent of the GDP and there are no reasons to worry about possible default," said Max Alier, head of the IMF Representative Office in Ukraine at the Raiffesen Private Wealth Forum. Read more.