The total amount of debt covered by the new memorandum is approximately $3.1 billion.
Ukraine on the eve signed a Memorandum of Understanding on the suspension of public debt payments with a group of official creditors from the G7 countries and the Paris Club, the press service of the Ministry of Finance reported.
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The agreement is a continuation of the intention announced on July 20 by a group of official creditors of Ukraine to suspend payments on bilateral debts from August 1, 2022 to the end of 2023, with the possibility of extending the suspension for an additional year.
The creditors’ decision will allow the Ukrainian government to increase social spending, health care costs or support for war victims.
It was noted that after the signing of the memorandum, bilateral negotiations will be held with partner countries to find a solution that allows Ukraine to have access to foreign exchange liquidity to cover the monthly budget deficit during the war in the short term, cope the financial obligations in the medium term and return as soon as possible.economy.
The memorandum was signed by representatives of the governments of Canada, France, Germany, Japan, Great Britain and the USA.
The total amount of debt covered by this memorandum is approximately $3.1 billion.
Recall that in August, a group of creditors of Ukraine from the G7 countries and members of the Paris Club of creditors agreed to postpone the payment of principal and interest until the end of this year, and also give the opportunity to extend the postponement for another year – until 2024.
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Source: korrespondent
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