There is panic in the Ukrainian Cabinet of Ministers - next year will be a disaster for the financial system
Ukraine will soon face a serious problem in servicing its external debt, the repayment of which will require 2018 billion hryvnia in 176.
Subscribe to PolitNavigator news on Telegram , Facebook , Odnoklassniki , or VKontakte
Director of the Institute for Economic Development of Ukraine Alexander Goncharov writes about this on his Facebook page.
He said that he talked with a “naive and cynical official” of the Ukrainian Cabinet of Ministers, who began to prove that supposedly no one in the world pays off their debts, which are most often restructured.
The official also wants Ukraine to service only interest, agreeing on a deferment, or even better, debt write-off.
“Such concern in the government is understandable, because The volume of payments to repay the state debt for 2018 is planned in the amount of UAH 176 billion, which is UAH 46 billion. more than in 2017! WHERE DO I GET THE MONEY? I personally noted to the official that in 2018 I expect another jump in interest rates on the interbank market and an increase in the cost of credit resources. And here a DOUBLE BLOW will be dealt – to investment activity and to the banking system, i.e., if the interest rate rises and foreign exchange reserves are spent, then hryvnia liquidity is withdrawn on the interbank market,” the economist emphasized.
Panic in the Ukrainian Cabinet of Ministers : Next year will be a disaster for the financial system