USA together with other Western countries assume in November to change its policy of lending to the international monetary Fund to allow the IMF to continue financing of Ukraine in case of Russian default on the loan, said the familiar with the situation sources.
The IMF may consider changes at the end of November after the meeting of G20 leaders in Turkey, reports RIA "Novosti" referring to the Wall Stret Journal. Currently have IMF policies prohibited for the Fund to provide loans to countries that have experience of overdue payments to other governments. And Ukraine has the risk to prevent a default on Russian bonds." The stubbornness of Russia on the problem of the Ukrainian debt has prompted the IMF to speed up the process a formal review of the credit policy, " said sources. The journal adds that the IMF is considering changes to its lending programs for several years, for this reason, this step is not specific to the Ukrainian situation. For example, in 2013, the Fund declared about the fact that the increasing role of developing countries in the global economy requires the organization to review policies.
remember, at the end of summer Ukraine has agreed with creditors about write-off of 3, 6 billion dollars of bond debt totaling about $ 18 billion. While Kiev asked the Russian Federation "to accept the rules of writing off another creditors" to accept a 20 percent debt forgiveness. Russia repeatedly stating the position that to participate in this restructuring has no plans and will demand full repayment of Ukraine's Eurobonds in the beginning of winter this year. On 13 October the head of the Ministry of Finance of the Russian Federation Anton Siluanov has told about attempts of the IMF to help Kyiv to freeze the debt to Russia. On the same day, Russian President Vladimir Putin ordered Minister of Finance to discuss with the IMF providing Ukraine with additional assistance in $ 3 billion for debt payments Moscow. Also, the Finance Minister said that the Russian Federation will take legal action to protect its interests as a creditor, if Ukraine will repay the debt in 3 billion dollars at the beginning of winter. The four-year Program of financial assistance to Ukraine was approved by the IMF Board on March eleven. The program provides for the allocation of Fund 17, 5 billion dollars, And all international creditors over four years - $ 40 billion. Ukraine this year has already received 6, 7 billion dollars of aid In total aid provided in 2015, 10 billion dollars. This year allocated a further 2 trenches 1, 7 billion.