FT: IMF underestimated the speed with which increases the state dog of Ukraine

The national debt of Ukraine increased at a much faster pace than expected international monetary Fund (IMF). About it writes, citing economic data used by the IMF to assess sovereign debt of countries.

according to the remark of publication, the IMF was initially assumed that the Ukrainian economy in 2014 will be reduced by 5%, However, at present, a number of analysts considers it possible that the fall in GDP may reach 8-10%. Considering this figure and the devaluation of the hryvnia, according to the IMF model, in 2015 the national debt of Ukraine may reach 90% of GDP. The IMF often appreciates this level of debt as unacceptable, emphasizes FT.

The IMF before that to prevent default Ukraine will need another $15 billion in addition to the previously allocated $17 billion But as long as the EU and the US are arguing who is going to pay your bills, time is running out: the IMF could provide a new tranche of approved since the beginning of the programme until will not be sure that the debts of Kiev are sustainable.

" If Western patrons in the near future will not provide Kiev more money, Ukraine has the opportunity to be forced to declare a default - this perspective forces the country's lenders to sell bonds, " emphasizes FT. In the end, the journal, January 6, Ukrainian bonds maturing in 2017 was trading at a record low price.


sections: Politics