Last month, the value of the loan increased to the equivalent of the hryvnia, but decreased to the dollar.
At the end of February, Ukraine’s state and state-guaranteed debt amounted to 5 trillion 490.10 billion hryvnias or $143.69 billion. The Ministry of Finance announced this on Wednesday, March 27.
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It is indicated that over the past month the amount of debt increased in Hryvnia equivalent by 2.03 billion Hryvnia, but decreased by $1.21 billion in dollar equivalent.
This difference is explained by the devaluation of the hryvnia. The official dollar exchange rate for the month increased from 37.87 to 37.97 UAH/dollar.
In addition, Ukraine did not receive international loans while paying off its debt. In February, our country received only grant funds – $514.4 million from Japan and $295.0 million from Norway.
We remind you that at the end of 2023, the public debt of Ukraine set a new historical record. And a day before it became known that the external debt of Ukraine crossed an important milestone.
It is also reported that Ukraine is preparing for debt restructuring. The need for this became acute after the international rating agency S&P Global Ratings downgraded our state’s credit rating.
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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.