Ukraine DMO convinced of fundraising abilities as budget deficit to shrink in 2021

AdobeStock_Ukraine_575x375_01July2020
By Mariam Meskin
02 Dec 2020

Ukraine is planning for a lower budget deficit in 2021 but the country is more than confident of its debt issuance abilities and its chances of reaching an agreement with the IMF, the debt management office told GlobalCapital. Another Eurobond issue could be on the way soon.

The 2021 budget projections show a deficit of 5.5% of GDP, lower than the 7.5% in 2020 — Hyv246.6bn ($8.7bn) — said a source in the ministry of finance. The budget is due to receive its second reading in parliament. 

The IMF estimates that Ukraine suffered an economic contraction ...

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