KIEV, Sept. 17 – The International Monetary Fund expects Ukraine's gross public and publicly guaranteed debt to grow to 40-41% of GDP by late 2010 from 32-33% in late 2009, IMF Resident Representative in Ukraine Max Alier said.

"It's a lot [of debt]," he said at the second International Financial Stability Forum 2010 organized by Dagda in Kiev on Friday.