KIEV, Sept. 18 - Ukraine had gross foreign debt of $129 billion as of July 1, up 2.2% in the first half and reaching 74% of GDP, the National Bank of Ukraine reported.
"The downward trend continues for the debt to GDP ratio from its maximum of almost 90% at the end of 2009. This is thanks to a faster rate of dollar GDP growth in the country compared to borrowing," said Serhiy Nikolaichuk, the head of the NBU Balance of Payments Analysis and Forecasting Department.
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