KIEV, June 25 - Ukraine's gross foreign debt would narrow to 66% of gross domestic product in 2016 from 84.1% as of early April 2011 if the economy develops under a basic scenario, according to Serhiy Nikolaichuk the head of the department for methods, analysis and forecast of the balance of payment of the balance of payment department at the National Bank of Ukraine.

"External resistance of the Ukrainian economy is satisfactory, but there are large risks," he told journalists.

According to the presentation released to the press, under the basic scenario Ukraine's gross foreign debt could fall to almost 77% of GDP in 2011 and to 74% in 2012.