Ukraine continues increasing its public debt.

In April, it grew by UAH 160B as tranches of loans from the IMF and the European Union arrived. According to the Ministry of Finance, as of April 30 Ukraine’s state and state-guaranteed debt exceeded UAH 4.5T or $124.3B. In April, the debt increased in dollar terms by 4.68B. Since the beginning of the year, the state debt increased by UAH 471.37B or by $12.89B.

The national debt increased mainly because, in April Ukraine received a tranche of IMF loans for $2.7B and €1.5B of macro-financial assistance from the EU. Thanks to this, Ukraine’s international reserves increased by 12.8% to $35.9B in April. This reserve volume is a record for the past 11 years.

Furthermore, according to the latest commitments, the US has pledged to provide $9.9B in grant aid to Ukraine’s budget this year, and the EU will provide €18B in macro-financial assistance in the form of soft loans.