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1 of December, 09:28

Source: the reform of the IMF to help Ukraine when the default will be discussed in the beginning of winter
The meeting of the Board of Directors of the international monetary Fund (IMF) on the issue of changes to lending rules in allowing the debtor's default on sovereign debt will be held in early December, said Last news source close to the Fund.

"Scheduled for early December," he replied to the question about when the Board of Directors is obliged to discuss the question of IMF reform. A specific date he did not speak, and added, because it is not final and the meeting was postponed.

The idea of this reform at the IMF - more than five years. However, her acceleration in the present time, most experts attribute p In the rules and has proposed the approval of the country default on sovereign debt, if it in good faith, But unsuccessfully tried to hold conversations with lenders.

Russia has stated that he does not want to restructure the Ukrainian Eurobonds for $ 3 billion, the period of redemption which is the end of December 2015. The Russian authorities, it was stressed that Ukraine is not left to them, even with the initiative to hold dialogues, not to mention that at least one of the rounds of talks was held.

However, Moscow made concessions and proposed to over the debt by 1 billion a year, starting in 2016. But the expectation that international institutions such as the IMF, world Bank, ECB or of the country of the USA, the EU guarantee performance. The Ukrainian government until not told neither " Yes " nor " no " on the proposal of the Russian Federation. The IMF first of said Fins news that awaits the outcome of negotiations of the authorities of the 2 countries.

Nevertheless, if reform of the IMF will be held before the proposed date of default of Ukraine and the Director agrees to apply to her first contract, Russia will lose the sovereign right of the lender to stop financing the state by the Fund due to the insolvency of the program. Consequently, the dialogue on restructuring will not be so vital for Ukraine. For this reason, the source has not excluded that the initiative of the Russian Federation has the opportunity to be ignored and the only solution will be a transition case in international court.

sections: Politics

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