A separate section in the memorandum with the International Monetary Fund is devoted to the issue of debt restructuring of Ukraine.
Ukraine will be able to reach an agreement with creditors on the restructuring of commercial debt. The parameters of the restructuring are determined by a program at the International Monetary Fund. This is what the First Deputy Head of the NBU Ekaterina Rozhkova said on Wednesday, June 19.
“I don’t want to frame this as a risk of negotiations. We all understand, as do our creditors, that the debt has to be restructured, that the restructuring is necessary,” he said.
According to Rozhkova, a separate section is devoted to this issue in the memorandum to the IMF.
“The parameters of maintaining the public debt indicate some restructuring parameters,” he added, noting that “this process is not easy, and it has not been completed in one round.”
Rozhkova expressed confidence that “as a result of these negotiations, we will receive restructuring on terms that will not undermine the stability of public finances,” adding that international partners, including the IMF, are actively helping this.
We remind you that Ukraine’s negotiations with private creditors on debt restructuring of more than $20 billion have not yet yielded results. In the absence of a compromise, Ukraine will have to default in August.
Demand for debt restructuring intensified after international rating agency S&P Global Ratings downgraded Ukraine’s credit rating.
Source: korrespondent
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