Under conditions of formation and functioning of a market economy the role and importance of such component of public finances as public debt enhances. The sustainable economic development of Ukraine is impossible without the use of mechanism of external public borrowings giving rise to the external public debt.

Keywords: external debt, international creditors, external public debt management, state debt policy. In this article suggests the ways and instruments of external debt management and implementation of effective debt policy.

DOI: http://dx.doi.org/10.17721/1728-2667.2014/160-7/14

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