The International Monetary Fund’s four-year extended EFF financing program for Ukraine also envisions the country receiving $80 billion from multilateral and bilateral donors during this period, including $20 billion in grants and $60 billion in concessional loans, as well as another $20 billion in debt flow relief, said Gavin Gray, head of the Fund mission.
At a press conference on Friday, after announcing the decision to approve the $15.6 billion EFF program, he recalled two announcements made last week: from a group of official Ukrainian creditors about their willingness to defer the country’s debt payments for the program period and about Ukraine’s intention to agree the same with the holders of Eurobonds and other external commercial debts.
A draft law on writing off debts on consumer loans granted for the purchase of movable and immovable property that was destroyed by the war will be submitted to the Verkhovna Rada within a week, Danila Getmantsev, head of the relevant parliamentary committee, said.
“On behalf of the president, we agreed with the head of the National Bank and the prime minister on the development of a bill to write off debt on consumer loans for the purchase of movable and immovable property that was destroyed during the hostilities. We will submit the bill to VR within the next week,” he wrote in a telegram on Sunday.
“A person should not pay a debt for a non-existent object,” Getmantsev added.
INTERNAL AND EXTERNAL DEBT OF UKRAINE IN 2009-2021
The arrears of the population of Ukraine on payment for housing and communal services decreased by 7.6% in May 2021 versus April and amounted to UAH 61.6 billion (excluding electricity).
According to the State Statistics Service, in general, in May, Ukrainians paid UAH 17.1 billion for housing services, which amounted to 146.2% of the amount charged for that month.
The debt for the supplied electricity in May amounted to UAH 7.3 billion.
The highest level of payment for housing services was recorded in Ternopil (177.9% of the amount accrued, due to the repayment of debts of previous periods), Cherkasy (153.9%), Donetsk (153.4%) regions and Kyiv (170.3%).
The lowest level of payment is in Kirovograd, Volyn and Kherson regions (113% to 120% of the amount of charges).
According to the State Statistics Service, from the beginning of 2021, some 22,700 agreements have been concluded with the population on the repayment of restructured debt for housing services for a total of UAH 187.1 million. The amount of payments made, taking into account long-term contracts, amounted to UAH 106.2 million.
The total public debt of Ukraine in April 2021 increased by 1.29% in U.S. dollars to $91.33 billion and by 0.8% in hryvnias, to UAH 2.534 trillion, according to data on the website of the Ministry of Finance, released on Wednesday.
According to the Ministry of Finance, direct public debt in April this year in U.S. dollars grew by 1.53%, to $81.37 billion, in hryvnias – by 1.04%, to UAH 2.258 trillion.
External direct debt in the past month in U.S. dollars rose by 3.89%, to $45.12 billion (in hryvnias growth was 3.38%, to UAH 1.251 trillion).
The state-guaranteed debt in April in U.S. dollars decreased 0.7% to $9.95 billion, in hryvnias decreased 1.17%, to UAH 276.25 billion, according to the ministry’s data.
According to them, since the beginning of the year, the total national debt of Ukraine has grown by 1.19% in U.S. dollars and by 18.33% in hryvnias.
According to the Ministry of Finance, the share of liabilities in U.S. dollars of the total structure of public debt in April increased to 36.15%, in euros – to 13.68%, in SDR – to 13.54%, while in hryvnias it decreased to 36.02% , while in the yen it remained at the same level – 0.6%.
The official exchange rate, at which the Ministry of Finance calculates the debt, strengthened to UAH 27.75/$1 in April compared to UAH 27.88/$1 in March.
Internal and external debt of Ukraine in 2009-2020.
SSC of Ukraine
