Page 43 - UKRRptNov19

roundtable sponsored by the US-Ukraine Business Council. To attend, contact USUBC president Morgan Williams: mwilliams@usubc.org.
Ukrspirt, one of Ukraine’s largest alcohol producers, is to be privatized,
writes Minister of Economy, Trade, and Agriculture Timofey Milovanov on Facebook. He characterized the state-owned enterprise as “corrupt and criminal” and said Ukraine loses over $200mn each year from such companies.
6.2 Debt
DEBT 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017E*
External debt (US$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 ann'd GDP, eop)
55.8
32.5
22.6
2.5
5.6
55.3
31.5
17.2
3.2
3.9
91
26.5
23.3
3.9
5.9
86.1
77.4
31.8
19.5
4
4.1
77.3
24.5
14.1
5.5
2.9
79.1
20.4
11.4
7
2.5
96.2
7.5
5.7
17.7
1.3
130.4
12.4
13.6
9.6
3.3
121.7
11.9
12.8
9.5
3.6
126.6
FX reserves (US$bn, eop)
34.6
15.6
FX reserves (% of ann'd GDP, eop)
25.4
13.3
External debt / FX reserves (x, eop)
3.4
8.0
FX reserves imports cov (months)
6
3.3
Source: ICU
For the first time in the last two years, the amount of government and government-guaranteed debt in UAH has fallen below UAH 2 trillion. During September 2019, the amount of government and government- guaranteed debt of Ukraine decreased by UAH 69.44 billion and amounted to UAH 1.977.75 billion. The last such debt in Ukraine in hryvnia equivalents was in September 2017.
The main factor in increasing the dollar equivalent of government debt and government guaranteed debt by $ 1.02 billion to $ 82.95 billion was the strengthening of the national currency during the month by 1.15 UAH. Such an increase in the dollar equivalent of debt was observed in the part of domestic debt, where the appreciation of the exchange rate had the greatest effect in the conversion of the national debt to the dollar equivalent. At the same time, the volume of government debt denominated in foreign currency decreased.
43 UKRAINE Country Report November 2019 www.intellinews.com