Ukraine may declare a default in May: negotiations with creditors so far income

Ukraine has not been able to negotiate with investors on debt restructuring worth $ 2.6 billion and may declare a default in May. This was reported by Financial Times , citing informed sources.

According to the conditions of preliminary agreements, at the end of the next month, Ukraine has to pay almost $ 600 million for GDP-wars-securities tied to the country's economic indicators. This payment is based on the results of 2023, and it is currently threatened.

"Kiev will have to decide whether to declare a default on payment if the restructuring agreement is not reached on time," FT .

The Ministry of Finance of Ukraine noted that they consider "all available options" and plan to continue negotiations with creditors. However, there is little time.

Earlier, the International Monetary Fund warned that the lack of resolving the issue of GDP-wars creates serious risks to the country's financial stability. This can affect both the current IMF program for $ 15.5 billion, and last year's restructuring of public debt over $ 20 billion.

The default can not only damage the image of Ukraine in the world markets, but also complicate the receipt of future assistance from international partners. At the same time, the Ukrainian government is in a difficult situation: the country is leading a full -scale war, the economy is weakened, and the budget depends on external funding.

Negotiations continue, but every day the delay is approaching the critical point. Will Kyiv avoid technical default - will become known in a few weeks.

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

In the Carpathian region, the head of the village council and a deputy were arrested for a bribe of 8 thousand dollars

Ivano-Frankivsk City Court ruled to seize the property of the head of...

In Lviv region, Land Cruiser driver sentenced to 6.5 years for death of 16-year-old girl

In the Lviv region, a court sentenced Nazariy Marochkanych, the driver of a Toyota...

In Vinnytsia region, a 50-year-old man shot teenagers with a pistol

In the village of Serebryntsi, Mogilev-Podilskyi district, law enforcement officers detained a 50-year-old man...

Ukrainians go to cafes less often, but spend more

Poster Company has published the results of a study of the Ukrainian restaurant market for...

Trump threatened sanctions not only against Russia, but also against Ukraine

US President Donald Trump has made several new statements about...

Why doctors advise against wearing Crocs every day

Crocs are light and bright shoes that have become a symbol of...

Ukrainian TV presenter Olena Kravets impressed fans with her 80s-style look

Ukrainian presenter and actress Olena Kravets demonstrated a radical change...

Hospitalization of Patriarch Filaret: 96-year-old Primate in critical condition

Patriarch of the Ukrainian Orthodox Church of the Kyiv Patriarchate Filaret (in the world...