The Cabinet of Ministers of Ukraine has agreed with foreign creditors Bills that need To complete the restructuring of the debt of the country, said Tuesday the Minister of Finance of Ukraine Natalie Jaresko in the process extended meeting of the government.
"The bills agreed upon by a special Committee of creditors already. For this reason, I beg to Express my support And submit to the Verkhovna Rada the draft Laws that are of a technical nature, " said the Finance Minister.
The Cabinet of Ministers of Ukraine approved the provisional rules for the restructuring of the external public debt that were reached following the negotiations with the creditors ' Committee. According to these agreements, Kiev will write off 20% of the nominal debt - 3, 6 billion of the 18 billion dollars. Prime Minister of Ukraine said that the completion of the legal procedures of restructuring the Parliament shall enact a law.
"For the above debt relief And the possibility of a renewal (growth - ed.) of our economy ought to do two main steps: the rules of restructuring must be approved by the owners of each series of the bonds, included in the restructuring process during the separate legal procedures. And before that the Verkhovna Rada should approve the following Bills, " said Yaresko.
"1st (the bill - ed.): change in fiscal rule, which will address the question of issuing, servicing And redemption of government derivatives And prioritization of restructured debts in respect of debts that did not participate in the proposed debt operations," she said.
"Second, the correction to the law of Ukraine on securities And the stock market is ahead of time to prepare a new type of securities, government of the derivatives. And third, changes in the tax rule, where (to be amended) provides for the rule taxation of funds coming tax payers, who are the borrowers on the foreign debt, guaranteed by the state, " said Jaresko.