“Although governments around the world resorted to increased borrowing to fight the pandemic and stimulate economic growth, most of their borrowing has come at near-zero interest rates,

Friday, August 6, 2021

Verlanov continues. “In contrast, Ukraine has been piling up high-interest debt, while its controversial policies have been inhibiting economic growth.” He concludes: “With high volatility looming, it would be prudent for investors to reduce exposure to the Ukrainian debt.”

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Boosted by bond sales and high export commodity prices, Ukraine’s international reserves increased by 2% in July, hitting $29 billion

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“By stalling economic reforms and refusing to fight corruption, the government has replaced cheap IMF loans at rates of about 1% with commercial loans at rates of 6.875% or higher,

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