Ukraine has the resources it needs to repay the country's external debts in 2014, reads a posting on the Facebook page of the Finance Ministry of Ukraine.
“The (fall in the) hryvnia exchange rate increases budget expenses. However, taking into account the fact that we have enough loans in foreign currency, we do not feel any particular pressure. The budget will not go to the market today and buy currency. We have enough to pay all liabilities until the end of the year,” reads the report, citing Finance Minister Oleksandr Shlapak.
As reported, on Sept. 4, 2014, Ukraine received a second disbursement of SDR 914.7 million (around $1.39 billion) from the International Monetary Fund (IMF) under the Stand-By Arrangement. Some $1 billion of this will be used to support the national budget.
