In April, $885 million was paid to service and repay the national debt, most of which was transferred to the European Union.
In April, Ukraine’s international reserves fell 3.1% to $42.4 billion after a historic high. The National Bank announced this on Tuesday, May 7.
“This dynamics is due to the foreign exchange interventions of the NBU to ensure the stability of the exchange rate and the payments of the country’s debt in foreign currency, partially offset by receipts from international partners,” the report said.
It indicates that in April net sales of foreign currency in the interbank market reached $2.265 billion, an increase compared to March. This is due to increased demand in the foreign exchange market, especially against the backdrop of higher government spending due to the establishment of a rhythmic flow of external aid from the second half of March.
In April, Ukraine received just $1.6 billion in aid – the second tranche from the European Union as part of transition financing under the Ukraine Facility program.
At the same time, $885 million was paid for the servicing and repayment of the public debt, of which:
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$674 million – servicing and repaying the EU debt;
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$162 million – World Bank debt servicing and repayment;
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$42.0 million – repayment of debt to other creditors.
In addition, Ukraine paid the International Monetary Fund $92.6 million.
We remind you that in March, international reserves of Ukraine increased by 18%, to $43.763 billion – a record level in the history of Ukraine.
It was also reported that in April on the cash market the selling rate of the dollar increased by 1.8%, to UAH 39.64. At the end of the month it rose above 40 UAH/dollar, but subsequently fell slightly. The official rate updated historical highs and reached 39.78 UAH/dollar on April 22.
Source: korrespondent
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