The Minister of Finance of Ukraine Natalie Jaresko during the trip to Lviv on the last working day of the week said that bankruptcy will not, reports local magazine.
General state dog of Ukraine is about 70 billion dollars, of which about $ 40 billion foreign debt. Ukraine in the framework of the plan of debt repayment has asked creditors to write off 40% of the principal amount of the debt and accept a fresh bond linked to future economic performance. However, the dialogue on restructuring until not successful, Kiev sent to creditors last edited proposal did not exclude, if necessary, the imposition of a moratorium on the payment of foreign debts. The other day Jaresko said that according to the calculations of a country may declare a default at the end of July.
"in her expressions, the information disseminated by the media, is false. Jaresko said that is not said in July in Ukraine will default. On the contrary assured: in the upcoming week on Tuesday, the last day of June, she is scheduled to meet with Ukrainian creditors, and It only fuels that hope, that everything will be positive, " reports the journal.
The Minister considers it possible that certain external loans will be stopped for some time, but the time to reach the end of the debt restructuring.
"This in no way affects our Ukrainian banking system, because these external debts do not lie on the balances of our credit institutions. This does not affect the balances, It's not like in other countries. We have an incomplete perimeter of this restructuring, " he said Jaresko.
She also asked not to compare Ukraine with Greece, after all, said the head of the Ministry of Finance, Ukraine is a good debtor and fulfills its obligations to creditors and embodies the reforms, even in the current situation where 5% of GDP annually over the war.
According to Jaresko, paying off with debts, Ukraine at the same time conducts dialogues about replacing expensive short-term loans to cheaper long-term, instead of the 8% Commission will be paid only 3%.
Kiev does not stop trying to come to a consensus with creditors on the restructuring of public debt, but they are not willing to agree to the proposals of Ukraine, believing them to be unacceptable. Before the Ukrainian government has made it clear that in the absence of consent will declare a technical default, in which lenders will lose all the invested funds.
over the past year and a half, and among them, in the end the military conflict in the Donbass, Ukraine found itself in a deep financial and economic crisis. Country recorded a sharp drop in GDP, a serious financial and budgetary difficulties.
The only chance to defend themselves of default for Kiev is the ability to receive from the IMF next tranche in the amount of 1, 7 billion dollars in the framework of the expanded programme of payment. However, a key condition for continued payment from the IMF is to restructure the Kiev part of its external debt obligations.