Kiev continues to expect to reach agreement with creditors in may
The Ministry of Finance of Ukraine informs that concerned about the lack of willingness of creditors of Ukraine to participate in negotiations on debt relief, but still nourishes the hope of reaching agreements on restructuring, as planned before June.
The Agency on Tuesday informed that the creditors ' Committee of Ukraine said that he is ready to Express support for a sensible restructuring of the external debt of the country, but for debt relief.
"The Ministry of Finance of Ukraine expresses its concern on the approach of the division of creditors (ad-hoc committee), which represent the owners of the external debt of Ukraine and the lack of willingness on their part to participate in the negotiations ", - said in the appeal of the Ministry of Finance. Meanwhile, the Ministry wishes to come to a consensus with the owners of the debt obligations through a negotiated process.
"Ukraine and its owners debt obligations are required to come to a common opinion about the achievement of an acceptable level of debt and debt service that is indicated in the program of the IMF, until June. The Ministry of Finance, as before, is convinced that an agreement can be reached, and that in the interests of all parties - to provide monetary stability and debt sustainability of the country. The Ministry is committed to transparency, accountability and integrity in negotiations and expects that the creditors Committee will feel the same way ", - is informed in the report of the Ministry of Finance.
The IMF mission on Tuesday began work in Ukraine in the first revision to the extended payment. From the results of the visit will be based, what will be the decision of the IMF second tranche of aid to Kiev. The key to a positive outcome is the achievement of Kiev arrangements with holders of Ukrainian securities on the restructuring of public debt.
Despite the tough position of creditors who refuse to write off part of the debts, as required by Kiev, the Ukrainian authorities continue dialogues and not lose hope to find a consensus. Kiev plans to complete the dialogue with creditors in may-June before the IMF will deliver a verdict on the second tranche.