On July 24, 2015, Ukraine paid a $120 million coupon to service its sovereign debt. In many ways, this event is a moment of truth: it signals that there is a prospect of reaching an agreement with Ukraine’s creditors.Earlier this year, Ukraine signed a major deal with the International Monetary Fund (IMF). The IMF agreed to loan $17.5 billion over the course of the next few years in exchange for sweeping reforms and restructuring of the country’s sovereign debt. While progress on the reform front is reasonably steady—the IMF is expected to approve the next $1.7 billion tranche at the …read more
Source: Atlantic Council
