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Ukraine may get $8.5 billion from eurobonds

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Staff Writer | Saturday February 9, 2019 8:39AM ET
National Bank of Ukraine
Europe   The regulator believes that in 2019-2021, fiscal policy will be tighter

The National Bank of Ukraine (NBU) says Ukraine in 2019-2021 may receive $8.5 billion from placement of eurobonds.


The said revenue, together with funding from Ukraine's external donors, including $6.5 billion from the International Monetary Fund and $1.6 billion from the European Union and the World Bank each, will allow refinancing most of the payments on external obligations, according to the NBU's January 2019 Inflation Report.

The regulator believes that in 2019-2021, fiscal policy will be tighter than in 2018, and expects the consolidated budget to record a deficit of no more than 1.5% of GDP as external debt repayments reach peak levels.

 

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