Lagarde: the Treaty of Kiev with creditors will help to fulfill the IMF program
Consensus of Ukraine with creditors will assist you to stabilize the circumstances of the debt of the country and to fulfill the program of reforms in exchange for IMF loans, said on Thursday the managing Director of the IMF Christine Lagarde.
The Ukrainian government on Thursday adopted the Provisional rules of sovereign debt restructuring, including its perimeter redeemed Russia Eurobonds for $ 3 billion. Preliminary rules are announced before the agreement of the government of Ukraine with the creditors ' Committee: charged 20% of the given nominal debt and deferred payments until 2019.
"We welcome today's agreement on the terms of a debt exchange between the government of Ukraine and the de facto Committee of creditors and holders of sovereign and sovereign-guaranteed debt of Ukraine. The declared characteristics of the contract will assist you to restore the stability of the debt and, together with the efforts of the authorities to reform will significantly contribute to fulfilling the objectives set in Accordance with IMF-supported program, " said Lagarde.
The Ministry of Finance of Ukraine also said Thursday that the creditors agreed to write off 3, $ 6 billion bond debt totaling approximately $ 18 billion.