Ukraine’s Foreign Debt Increases 1.7% as Company Borrowing Jumps

Ukraine’s foreign debt advanced in the second quarter as corporate borrowing increased, the central bank said.

Gross foreign debt rose 1.65 percent to $129 billion on July 1 from $126.9 billion on April 1, the Natsionalnyi Bank Ukrainy, based in the capital, Kiev, said today on its website. That’s equal to 74 percent of gross domestic product, it said.

State foreign debt declined 7.4 percent to $23.9 billion, while corporate debt rose 6.7 percent, according to the data. More than 72 percent of the total was denominated in dollars, with $56.8 billion due for repayment in the next year, according to the statement.

-- Editors: Andrew Langley, Alan Crosby

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