Ukraine's national debt could reach 40% of gross domestic product by the beginning of 2011 once all of the planned loans have been taken, Vice Prime Minster of Ukraine Sergiy Tigipko told journalists on Thursday in Kyiv.
From Interfax-Ukraine, Ukraine is waiting to hear back from the IMF, who will decide on July 28 whether to increase credit to Ukraine. The 60% of GDP refers to the stability and growth pact for euro countries who have to keep their debt under 60%, its just a reference point for Ukraine. Also, anyone whose read Reinhart and Rogoff, a state can still struggle with low levels of debt.
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