Ukraine’s Gross Foreign Debt Climbs 0.9% as Borrowing Increases

Ukraine’s gross foreign debt grew 0.9 percent in the first quarter from the previous three months as government, banks and companies tapped international markets.

Debt rose to $136.3 billion as of April 1, equal to 76.9 percent of gross domestic product, from $135.1 billion on Jan. 1, the Natsionalnyi Bank Ukrainy, based in the capital, Kiev, said today on its website.

More than 76 percent of the total was denominated in dollars, the central bank said.

Short-term debt that matures in the next 12 months fell 0.2 percent to $60.1 billion in the first quarter, according to the central bank.

-- Editors: Paul Abelsky, Leon Mangasarian

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