No tranches of the International monetary Fund gold and foreign currency reserves of Ukraine will start to melt, and will begin a spiral that was in January and February 2015, when the exchange rate was impossible to stop. This was stated by the General Director of investment company Dragon Capital Tomas Fiala, reports «Economic truth».
«The reforms really do not want to do, but they need to do. So, if you look at the schedule of repayment of external debt, thanks to the restructuring of private debt in 2016 was the easy. With each subsequent year the cost of debt repayment will grow. Election year 2019 will be the peak in this regard», — said the head of Dragon Capital.
According to Fiala, during these three years (2017-2019), the national Bank, Ministry of Finance, state-owned banks and «Ukrzaliznycya» must pay $ 14 billion on foreign debts, with interest.
«Foreign exchange reserves have now 15.5 billion dollars. Of these 15.5 billion net reserve of — $ 4 billion., the rest of the IMF», — reminded Fiala.
In addition, according to him, last year the national debt has increased to 72 billion. due to the nationalization of «PrivatBank».
«So, about $ 46 billion. will be the external debt, about $ 4 billion. — internal foreign currency debt. Another 22 billion dollars. the equivalent of UAH debt — mostly government bonds, including those 107 billion UAH. which were issued for the capitalization of «PrivatBank», — he explained.
Fiala stressed that without the IMF tranche to Ukraine will not be able to pay off the national debt.
«We can’t. Even before the presidential election will not be able to reach. Without trenching reserves will begin to melt. Markets and population will be the trend to «warm up» and begin the spiral that we had in January and February 2015, when the rate was impossible to stop. Therefore, the President and the government, if they want to be re-elected must work with the IMF to increase the cushion of reserves before 2019 year,» he concluded.
Recall, 4th tranche in the amount of $ 1 billion Ukraine expects to receive in February. In the end, out of the total 4-year loan of 17.5 billion dollars, Ukraine received $ 8.6 billion.
No tranche of the IMF Ukraine will not be able to pay off the national debt Dragon Capital 30.01.2017