Some of the most expensive loans that Ukraine has taken out since the beginning of the war have been loans from the International Monetary Fund.
The average cost of servicing all loans issued to Ukraine by external official lenders in October was about 2.1% per annum. This was announced by the former head and board member of the National Bank of Ukraine Bohdan Danylyshyn on Facebook on Monday, November 13.
“One of the most expensive loans taken by Ukraine since the beginning of the war are loans from the International Monetary Fund. Their service in 2023 will cost about 8% per year,” he wrote.
Danylyshyn also provided data for comparison: a loan from France received by Ukraine in November 2022 has a fixed yield of 1.04% per year, a loan from Japan in June 2022 – 1.0% per year, a loan from Canada in April 2023 – 1.5% per year.
Let’s recall that in 2023, Ukraine received two tranches from the IMF for $2.7 billion and $890 million. A tranche of $900 million is expected in December. The total amount of financial support for Ukraine will reach $45 billion.
According to the National Bank, in the second half of 2024, Ukraine must return $1.925 billion to the IMF, of which $1.516 billion is the principal amount and $408 million is interest.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.