Page 37 - UKRRptMay20

6.2 ​Debt
DEBT 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E*
External debt (US$bn, 80 101.7 103.4 117.3 126.2 134.6 142.1 126.3 118.7 113.6 124.2 eop)
External debt (% of 55.8 55.3 91 86.1 77.4 77.3 79.1 96.2 130.4 121.7 126.6 ann'd GDP, eop)
FX reserves (US$bn, 32.5 31.5 26.5 34.6 31.8 24.5 20.4 7.5 12.4 11.9 15.6 eop)
FX reserves (% of 22.6 17.2 23.3 25.4 19.5 14.1 11.4 5.7 13.6 12.8 13.3 ann'd GDP, eop)
External debt / FX 2.5 3.2 3.9 3.4 4 5.5 7 17.7 9.6 9.5 8.0 reserves (x, eop)
FX reserves imports 5.6 3.9 5.9 6 4.1 2.9 2.5 1.3 3.3 3.6 3.3 cov (months)
Source: ICU
7.0​ FX
At the end of 2019, the external debt amounted to $121.74bn​. Analysts expect a decrease in debt, as at the beginning of the year there were no significant borrowings, in particular on the IMF loan.
Russia’s ruble now trades at 77 to the dollar, a one quarter devaluation since the start of the year.​ For Ukraine, an oil importer, the devaluation of the hryvnia over the same period has been 14%, to 27.20 as of April 23.
37​ UKRAINE Country Report​ May 2020 ​ ​www.intellinews.com