The IMF once again tried to persuade Ukraine and its creditors to come to an agreement
Alexey Bogdanovsky. International monetary Fund, again tried to persuade Ukraine and its private creditors to come to an agreement about resolving the debt issue, said the press service of the Fund for the meeting of commissioners of Ukraine and the division of creditors with the assistance of the IMF, which took place on the last working day of the week in the U.S. capital.
"Fund agitates Ukraine and its creditors to continue efforts to reach agreement, which would be consistent with fiscal and debt targets of the programme of economic reforms of the authorities (Ukraine), supported by the IMF," according to a press release of the Fund.
at the meeting of commissioners of Ukraine and creditors discussed "the challenges of debt management and medium-term macroeconomic framework of the program supported by the Foundation," explained the IMF, without giving Details. The previous meeting between Ukraine and creditors took place on 30 June.
General state dog of Ukraine is about 70 billion dollars, of which about $ 40 billion foreign debt. Ukraine in the framework of the plan of debt repayment has asked creditors to write off 40% of the principal amount of the debt and accept a fresh bond linked to future economic performance. However, the dialogue on restructuring until not successful, Kiev sent to creditors last edited proposal did not exclude, if necessary, the imposition of a moratorium on the payment of foreign debts.
The creditors ' Committee of Ukraine said that he would insist on changing the terms of the agreement of the Ukrainian government and the IMF on debt restructuring fifteen, $ 3 billion taking into account the wishes of the Department. According to the information of creditors and their offers promise Ukraine in the future, more investment and allow earlier return to the capital market.
The creditors ' Committee headed by Fund Franklin Templeton unites holders 8, 9 billion dollars of debt. Reaching agreements with private creditors is one of the conditions for continued provision of assistance from the IMF on 17, 5 billion dollars funds and other international lenders.