Page 45 - UKRRptNov18

The International Monetary Fund (IMF) predicts that gross state (direct) and guaranteed debt of Ukraine would decrease to 53% of GDP by late 2023 , according to a report. According to the IMF, in 2018 the state debt of the country will be 70.5% of GDP, next year - 68.8% of GDP, in 2020 - 64.4% of GDP, in 2021 - 60.4% of GDP, and in 2022 - 56.4%
7.0 FX Source: CEIC
Exchange rate 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Official UAH/USD (eop) 7.7 7.99 7.96 7.99 7.99 7.99 15.77 23.41 26.20 27.52
Official UAH/USD (avg) 5.27 7.79 7.94 7.97 7.99 7.99 11.89 21.84 22.55 26.60
Money sent home by Ukrainians working abroad totalled $5.5bn during the first half of this year , up 31% year over year. For the 12 months ending in June, Ukrainians sent home $11bn, the National Bank of Ukraine calculates. This is 10% of Ukraine’s $112bn GDP.
Ukrainians receive nine times more money – largely wage remittances – than they send out of the country , Olena Mahaeva, director of the central bank’s Payment Infrastructure Division, told reporters Tuesday. The main currencies for money transfers are the US dollar, the euro, the Russian ruble, and the Canadian dollar. She said 35 remittance systems operate in the Ukrainian market. Of these, 29 carry out transfers within Ukraine, and 13 make international transfers.
45 UKRAINE Country Report November 2018 www.intellinews.com