The increase in the share of domestic borrowings in the overall structure of government borrowings and the extension of the average circulation of government securities are the main measures that the government of Ukraine planned to implement within the medium-term strategy for managing national debt for 2017-2019.

According to the resolution of the Cabinet of Ministers dated December 1, 2017 (No. 905), which approved this strategy, it is also planned to regularly place a wide range of government securities with different terms of circulation in accordance with the demand and maintain a constant dialogue with market participants.

"The implementation of the issuance of reference financial instruments to the extent that makes it possible to build a benchmark yield curve and ensure the liquidity of such securities," reads the document.

Other plans include the involvement of a financial adviser, work to ensure Ukraine's full access to foreign capital markets, carrying out operations to actively manage public debt in order to reduce peak loads on the national budget and stimulate the demand for state equities.

The strategy envisages the reduction of direct state debt in relation to GDP from 69.3% at the end of 2016 to 66% in 2017, 62% in 2018, 58% in 2019, which is lower than in 2014 (59.7%), but still significantly higher than the pre-devaluation level of 2013 (32.8%).