Ukraine, creditors say debt talks moving forward
| Publisher | Radio Free Europe/Radio Liberty |
| Publication Date | 16 July 2015 |
| Cite as | Radio Free Europe/Radio Liberty, Ukraine, creditors say debt talks moving forward, 16 July 2015, available at: https://www.refworld.org/docid/55b5f48a15.html [accessed 17 September 2023] |
| Disclaimer | This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States. |
July 16, 2015
Ukraine and its creditors say talks on the country's debt restructuring have made progress on a "number of substantive issues."
The Ukrainian Finance Ministry and creditors said on July 16 that more meetings between the two sides had been scheduled next week, "with the common aim of finalizing the terms of Ukraine's debt operation as soon as possible."
The statement was issued a day after Finance Minister Natalia Yaresko held talks with creditors in Washington.
Creditors represented by the Ad Hoc Committee of Ukraine's Bondholders – mainly four U.S. investment and hedge funds – are under pressure to write off a significant amount of the country's debt.
The International Monetary Fund conditioned its $17.5 billion bailout program for Ukraine in March on the country also receiving $15.3 billion in debt relief over four years from bond restructuring.
But bondholders want Ukraine to lengthen the debt repayment period rather than write it off.
Based on reporting by Reuters and Interfax
Link to original story on RFE/RL website