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Economic news from our partners HUGS'FUND

In July the Ministry of Finance of Ukraine implemented a plan to attract financing on the domestic market for 2019. In the second half of the year the regulator will use market conditions for borrowing for future periods and increase the financial sustainability of public finances.

It is noteworthy that the regulator actively increases borrowings in UAH fulfilling the goal of reducing the dollar debt burden.

Now the priority for the Ministry of Finance is the implementation of a plan for external borrowings, which is set at 144 billion UAH. In 2019 Ukraine placed Eurobonds worth 1 billion euros. The domestic market can partly fill the need for external financing.

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