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5 of August, 20:01

The Ministry of Finance: restructuring the debt of Ukraine is not linked to the tranches of the IMF
The debt of Ukraine is not linked to the allocation of funds under the program of international monetary Fund (IMF), said Deputy Minister of Finance of Ukraine on issues of European integration Artem Shevelev.

"See the last statement of Christine Lagarde and authorized the IMF about the fact that the restructuring process is strongly supported by the IMF. But the IMF program is going its own independent schedule, " said Shevelev in the interview to the Agency ", answering the question, it was stipulated that the Restructuring must occur before the upcoming revision of the program.

Shortly before the adoption of the IMF decision on the allocation of Ukraine of the next tranche of the loan in the amount of 1, 7 billion dollars, which Kiev has received 4 August, the head of the Fund said that the IMF will continue to provide financing to Ukraine even in the event of failure of its negotiations with private creditors on debt restructuring. While Lagarde said the presence of progress in these negotiations and the possibility of Kiev, according to above the law, to impose a moratorium on payments for those debts.

Shevelev also confirmed that the Timetable for the revision of the IMF program, the results of which will be made the conclusion on the allocation of the next tranche of the loan, has not changed." The schedule has not changed. Subsequent changes in September. Technical mission are nonstop here, " said the Deputy Minister.

according to his statement, the program has 3 clear option." This is, firstly, the need to conserve fifteen, $ 3 billion for balance of payments in the period of the program (due to the debt restructuring - ed.). Secondly, the point that by 2020 the national debt is not required to exceed 71% of GDP, and starting in 2019, his service is not required to cost the economy more than 10% per year. These characteristics remained unchanged, " he listed Shevelev.

the national debt of Ukraine is about 70 billion dollars, of which about 40 billion foreign debt. The authorities have been conducting a dialogue with creditors to write off 40% of the principal amount of the debt, which is just fifteen billion dollars.


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