Disinfo: Poroshenko’s government created huge debts to the IMF

Summary

The government of the fifth president of Ukraine, Petro Poroshenko, has increased debts to the International Monetary Fund as well as the national debt of the country. Poroshenko’s regime was criminal, and the new leadership of Ukraine will now have to repay huge debts that have arisen in the country since 2014.

Disproof

Recurring disinformation narrative about Petro Poroshenko ruining Ukraine's economy.

The national debt of Ukraine is indeed one of the main problems in the development of the country's economy.  

The Ukrainian government is currently mainly paying the debts of previous governments: Ukrainian prime ministers between 2007 and 2014 borrowed a total of 47 billion dollars. According to the Ukrainian government, the national debt of the country in 2014 was over 60 billion dollars. Under Poroshenko, from 2014 to 2017, the debt only increased by five billion dollars.

Moreover, in 2019, Ukraine reduced the size of the national debt to below 60% of Ukraine’s gross domestic product. This happened for the first time since 2014. At the moment, Ukraine’s debt to creditors amounts to 79.82 billion dollars, of which 69.33 billion dollars is direct national debt, and the rest is a state-guaranteed debt on loans from public and private companies.

publication/media

  • Reported in: Issue153
  • DATE OF PUBLICATION: 27/05/2019
  • Language/target audience: Russian
  • Country: Ukraine
  • Keywords: IMF, Petro Poroshenko

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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Disproof

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Disproof

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