Ukraine has to generate $15.3 billion over four years with the help of a debt restructuring plan agreed, last March, with the International Monetary Fund (IMF). The IMF, which approved a new $17.5 billion loan for Ukraine and issued the first $4.9 billion tranche, expects that Ukraine and its creditors will agree on the terms of Ukraine’s commercial debt restructuring before the IMF’s review of the assistance program, scheduled for June, IMF First Deputy Managing Director David Lipton said in a recent statement (UNIAN, April 14). However, Russia’s refusal to restructure a $3 billion loan, which matures in December, complicates …read more
Source: The Jamestown Foundation