Ukraine's total state (direct) and guaranteed debt in May 2012 fell by 1.1%, or by $648.6 million, to $60.248 billion, the Finance Ministry has reported on its Web site.
According to the published data, in January-May 2012 it expanded by $1.033 billion or 1.74%, from $59.216 billion.
As reported, the National Bank of Ukraine in early May paid around $650 million under Ukraine’s liabilities to the International Monetary Fund (IMF).
The ministry anticipates that the total payment and servicing of foreign debts in 2012, including payments to the IMF, will reach $5.2 billion: in January-March 2012, the servicing worth near $1 billion was performed.
In 2011, Ukraine’s total state debt climbed by 9.1%, or $4.918 billion. The ministry forecasts that the ratio of Ukraine’s total state debt to GDP in 2012 could decrease by 1.3 percentage notches, to 34.9%.
