Ukraine repaid the first debt to the IMF in 2021

The NBU said, Ukrainian News reported, in February, the government and the National Bank paid $ 213.1 million (in equivalent) in favor of the IMF. The return of the body and interest. Commitment fee was not paid during this period.

The cost of borrowing from the International Monetary Fund for Ukraine in 2020 was 2.63% per annum (average rate and commission). This is significantly lower than the cost of attraction in foreign markets. In particular, the weighted average borrowing rate through the placement of Eurobonds is 7.2% per annum. If instead of attracted loans under the program, Ukraine attracted government bonds, then payments last year would have amounted to not $ 274 million, but $ 763 million. Ukraine is to pay 1.16 billion SDRs (special borrowing rights) to the International Monetary Fund in 2021. At the official exchange rate, this is about $ 1.68 billion. The day before, the International Monetary Fund, following negotiations with Ukraine, stated that there were a number of unresolved issues . Now the IMF expects proposals from the Ukrainian side to continue negotiations.

As OBOZREVATEL reported :

• Ukraine's cooperation with the International Monetary Fund continues, and the fund's mission ended without a concrete result . We agreed on the next steps with a clear understanding of the result.

• Representatives of the International Monetary Fund provided the National Bank of Ukraine with their recommendations to strengthen institutional capacity and governance.