Medium-term state debt management strategy
The Cabinet of Ministers of Ukraine approved the Medium-term state debt management strategy for 2026-2028 developed by the Ministry of Finance, aiming to minimize risks and support economic recovery. Adoption of this strategy fulfills Ukraine's obligations to the European Union under the Ukraine Facility program.
Key priorities of the strategy
As part of the new strategy, the government identified three key priorities:
- attracting grants
- restructuring debt
- developing the domestic market
This aims to ensure economic stability and reduce dependence on external loans. The currency risk is considered high, as most debts are denominated in foreign currency, which may negatively impact the country's financial situation.
The risk assessment shows that the refinancing risk is decreasing due to the issuance of domestic government bonds (OVDP) with longer maturities. At the same time, interest risk remains low, as most long-term loans are received on favorable terms. Thus, the new strategy aims not only to minimize risks but also to create conditions for stable economic development in Ukraine in the coming years.
The medium-term state debt management strategy is an important step for Ukraine, which seeks to strengthen its economic stability amid global challenges. Attracting grants and developing the domestic market can help reduce the country's financial vulnerability. The adoption of this strategy also highlights Ukraine's commitment to cooperating with international partners, especially the European Union, which may contribute to receiving additional resources for economic recovery.