In terms of creditors, a large part of public debt consists of concessional loans received from international financial organizations.
Ukraine’s public and guaranteed debt as of March 31 totaled 5.92 trillion hryvnias, or $151.1 billion. This was reported by the press service of the Ministry of Finance on Monday, May 13.
In the first quarter of 2024, public debt increased in hryvnia equivalent by 404.8 billion hryvnia, and in dollar equivalent by $5.7 billion.
This happened as a result of increased long-term concessional financing from international partners. This trend can be seen in both the reporting quarter and the past few years.
So, from 2022, as of March 31, 2024, the weighted average cost of government and state-guaranteed debt of Ukraine decreased by almost 1.4 times – from 7.79% to 5.57%, and the weighted average maturity increased by 1.6 times : from 6.27 years to 10.04 years.
Infographics: Ministry of Finance of Ukraine
“In terms of creditors, a large part of government and guaranteed debt consists of subsidized loans received from international financial organizations (IFOs) and foreign governments – 53.8%, securities issued domestically market – 27.4%, securities issued in the foreign market – 16% and loans received from commercial banks and other financial institutions – 2.8%,” explained the Ministry of Finance.
And in terms of the structure of government currency and guaranteed debt, the share of the euro is 33.2%, the US dollar is 26.3%, the hryvnia is 25.9%, the SDR is 10.8%, and in other currencies, especially that in pounds sterling, Canadian dollars and Japanese yen – 3.8%.
We remind you 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.
Source: korrespondent
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