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Ukraine's Public Debt Surge in 2024

In 2024, Ukraine's debt to the World Bank increased by 65%, reaching $22.6 billion. We explore the reasons and impacts.

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By the end of 2024, Ukraine's debt to the World Bank group has surged by 65%, now totaling $22.6 billion.

This information comes from Forbes Ukraine, citing data from the Ministry of Finance.

The share of the World Bank in Ukraine's total public debt has risen to 14%, while its role among external creditors stands at 19%.

The rapid increase in Ukraine's debt to the World Bank is attributed to many international partners channeling their funding through this institution's funds, the publication notes.

The overall debt to the International Monetary Fund (IMF) grew by 15%, reaching $18.9 billion.

Additionally, Ukraine's debt to the European Union rose by 34% in 2024, amounting to $44 billion, with the EU's share in the state debt being 34%.

Reminder:

As of November 30, 2024, Ukraine's total public and guaranteed debt stood at 6,644.68 billion UAH, or $159.74 billion.

Throughout 2024, this debt increased by 1,461.3 billion UAH, equivalent to $20.74 billion USD.