Friday, 27 September 2013

NBU: Ukraine not at risk of default - ForUm

NBU: Ukraine not at risk of default - ForUm:

"Ukraine is not at risk of default, head of the group of advisors to the governor of the National Bank of Ukraine Valery Litvitsky told a press conference, ForUm correspondent reports.

According to him, Ukraine is able to service its debts.

The banker said that the external debt of the country is 20%, and the entire national debt is 38%.
At the same time, the period of peak debt payments has passed.

"There can be no risk of default, as the peak payments have already passed this year. In the next year they will be several billions less," Litvitsky said.

In addition, according to the NBU representative, the state reserves of Ukraine allow maintaining a stable situation.

"Reserves as of September 1 make up 21.6 billion. In addition, we got another 700 million, and September is not over yet," he explained."

'via Blog this'

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