Loans from international financial organizations, U.S. loan guarantees and placing debt on the foreign and domestic market will allow Ukraine to pay back $9 billion in foreign currency liabilities, First Deputy Finance Minister Anatoliy Miarkovsky said at a round table on April 24. To repay the debt, the government is planning to use $3 billion from the International Monetary Fund (IMF), $1 billion in U.S. loan guarantees, $2.7 billion in EU financing and a loan from the World Bank for $1 billion, he said, adding that the country would also place Eurobonds for $1 billion and local currency bonds for $300 million.
“We have everything balanced out, and aren’t expecting any problems in this regard,” Miarkovsky said, adding that the government’s plan included carrying-out of IMF obligations in amount of $2.9 billion.
“There is hope that we will get the first tranche [from the IMF] for $3 billion soon to replenish our currency reserves,” he said.
Ukraine is expecting the IMF to confirm the renewal of the lending program for the country at the beginning of May. According to unofficial data, the country could receive $17 billion, and the first tranche could total $3 billion.
