Business · Economy · 14 hrs ago

Ukraine paid creditors $495.1 million in October

Ukraine paid creditors $495.1 million in October

Ukraine paid creditors $495.1 million in October, according to calculations based on figures from its Finance Ministry.

The payments went mainly to the International Monetary Fund and World Bank, which received $252.8 million and $197.9 million, respectively.

Other creditors received $37.2 million, and $7.2 million went to domestic government bonds denominated in foreign currencies.

From January through October, Ukraine spent $17.39 billion on debt repayment and servicing.

Over the same period, its net public sector borrowing was $18.48 billion.

That means repayments and servicing costs were nearly 94% of borrowing during those 10 months.

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