GlobalMarkets Awards 2020 recognized Ukraine as "the Debt Management Office of the Year in CEE”.
This has been reported by the press service of the Finance Ministry of Ukraine.
It is noted that "a pragmatic and carefully considered debt management strategy has prevented Ukraine from falling into the grips of a total crisis. Ukraine’s debt management office has managed to pull together and the official sector to deal with a sharp rise in the deficit, which widened from 2.1% to 7.5% of GDP”.
"It's the first time Ukraine gets such high recognition for its public debt management. 2020 was a rocky year for Ukraine, but we came into a problematic period fully prepared and prevented economic difficulty from turning into a full-blown financial crisis," said Yuriy Butsa, Government Commissioner for Public Debt Management.
As reported by Ukrinform, Ukraine’s state debt decreased by almost UAH 17 billion in August.