Page 37 - UKRRptJun21

As of May 1, Ukraine’s gross reserves amounted to 4.3 months of imports, the NBU said.
“In May, major government outlays in a foreign currency will include the redemption of local Eurobonds for €428mn as well as the payment to the IMF of around $64mn. We don’t expect that the receipts from the placement of new local Eurobonds will compensate these outlays in full. The gross international reserves might lose around 0.5% in May,” an analyst at the Kyiv-based Concorde Capital brokerage said in a research notes.
5.3 FDI
The government hopes to increase foreign investment from $420mn last year, to $3bn this year, to $15bn by 2025, according to the National Economic Strategy 2030 posted last week on the government’s website. Other goals for 2030 are: double the economy; triple exports to $150bn; nearly triple labour productivity; cut in half the state share in the banking system; cut the debt-to-GDP ratio to 30-40%; and increase the share of small and medium-sized businesses of exports to 40%.
Ukraine has signed off on €1.3bn worth of investment deals with France, the Ukrainian government said in a press release on May 13.
The deal was signed during an official visit by French Economic and Finance Minister Bruno Le Maire to Kyiv.
"According to the Prime Minister of Ukraine Denys Shmyhal, the concluded intergovernmental agreements will contribute to the development of the country, improve the lives of Ukrainians and increase the level of cooperation with the French Republic," the government statement said, as cited by Interfax Ukraine.
37 UKRAINE Country Report XXXX 2018 www.intellinews.com