Economy minister Prasolov: Ukraine pays off public debt to IMF on time| Ukrinform

Economy minister Prasolov: Ukraine pays off public debt to IMF on time| Ukrinform:

"

Minister of Economic Development and
Trade Ihor Prasolov

Ukraine repays public debt to the International Monetary Fund (IMF) on time, Minister of Economic Development and Trade Ihor Prasolov told the Arabic-language newspaper Al Bayan.
"According to the Ministry of Finance of Ukraine, the repayment of public debt in 2013 is held on time and in full. In February and in May, the government paid off the debt and interest on loans received from the IMF in the amount of USD 688 million and USD 820 million respectively. In the first five months UAH 11.6 billion were provided to pay off the debt. The repayment of the remaining amount, scheduled for this year, will be carried out in August and November 2013," the minister said.
He noted that since the beginning of the year the state budget accumulated 1.7 times more budget funds (UAH 45.7 billion) than their balance at the end of 2012 (UAH 27.1 billion).
According to the IMF, Ukraine has to pay USD 3.5 billion in 2013 and USD 1.3 billion in 2014."

'via Blog this'