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Ukraine plans to raise over $3.2 bln by yearend — Finance Ministry

As of end-July, Ukraine has received more than $4.7 bln from international organizations and western countries, of which $2.6 bln - from the International Monetary Fund

© TASS/Sergei Konkov

KIEV, July 28. /TASS/. Ukraine plans to raise more than $3.2 bln worth of external financing by the end of 2015, according to the Finance Ministry’s presentation published on its website on Tuesday.

Kiev plans to raise twice $500 mln from the World Bank (approximately at the end of August and the end of September), the US Government guarantees worth $1 bln (November), and funds from the European Commission worth €600 mln (in October-December). Kiev also plans to receive $300 mln from the Japanese government in late October, €200 mln from German government in late August, and 200 mln Norwegian krone from Norwegian government in October.

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"All in all, more than $3.2 bln," the presentation said.

As of end-July, Ukraine has received more than $4.7 bln from international organizations and western countries, of which $2.6 bln - from the International Monetary Fund, €850 mln - from the European Commission, $1 bln - guarantees from the US government and 200 mln Canadian dollars - from the Canadian government.

"As of end-July, a total of $4.2 bln have been paid of public debt (internal debt in foreign currency + external debt + guaranteed debt in foreign currency)," the document said.

Ukraine’s external debt hit $72.9 billion as of late 2014 while its internal debt stood at $29 billion and its gold and foreign currency reserves were less than $10 billion.

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