KIEV, June 14 – The International Monetary Fund has estimated the level of Ukraine's public debt as acceptable, IMF Resident Representative in Ukraine Max Alier said at the second Raiffeisen Private Wealth Forum in Kiev on Tuesday.

"The default we were talking about did not happen… This happened due to [the government's] proper policy… If you look at the ratings, they are evidence of two things – the opportunity and commitment to pay [on Ukraine's foreign debt]. In terms of Ukraine's public debt, I would say that it has increased significantly over the past two years, but it's not so high - about 40% of GDP. I see no reason for default here," he said.