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5 of August, 20:31

Kiev and creditors to discuss debt restructuring 10 or eleven August
The meeting of the commissioners of Ukraine with international creditors scheduled for Monday or Tuesday next week, informs the Ukrainian Ministry of Finance.

"The Ministry of Finance of Ukraine, acting with constructive intentions and transparent, agreed to the request of the Special Department of the creditors of Ukraine to postpone the meeting scheduled for Thursday of this week, on Monday or Tuesday of next week, in order to give the Committee more time to prepare an updated and improved proposals for debt restructuring ", - is informed in the report.

The Ministry of Finance stressed that Kiev may use alternative mechanisms to ensure the financing of the IMF program, will be violated if the time frame.

"However, taking into account the legal and time limits that exist to achieve and implement any consensus on debt restructuring, if it is impossible to reach such a consensus at the level of the country ahead of next week Ukraine will be forced to use alternative mechanisms to ensure payment of its programme of cooperation with the IMF. Because of these limitations, it is also the last opportunity to achieve a common consensus yesterday payments on Eurobonds in September and October, and similarly at the beginning of the next review of the program of cooperation of Ukraine with the IMF, which is currently expected in September, " - said in the report.

According to the updated Memorandum with the IMF, Ukraine wants to finish the dialogue with creditors before the end of September.

sections: Politics

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