Ukraine was allowed to postpone the payment of the national debt

The head of the mission of the International Monetary Fund (IMF) in Ukraine, Gavin Gray, announced that the moratorium on the payment of Ukraine's foreign debt will be in effect until 2027, and the restructuring will be completed by mid-2024. This was reported by the press service of the IMF.

According to Gavin Gray, "an ambitious external commercial debt restructuring should be undertaken in the first half of 2024 to help restore debt sustainability while creating the necessary fiscal space."

The IMF added that the official moratorium on creditors will last until the end of the program with the IMF, which is until 2027. The moratorium on private lenders is likely to end in August 2024.

In October, the IMF predicted the growth of the total public debt of Ukraine in 2021 to 88.1% of the gross domestic product (GDP) and exceeding the level of 100% of GDP by 2025.

Previously, Ukraine was allowed to postpone debt payments until 2027 by the decision of the Group of Creditors, which includes all G7 states, which includes holding discussions with foreign bondholders on the restructuring of payments for 20 billion.

spot_imgspot_imgspot_imgspot_img

popular

Share this post:

More like this
HERE

Ukrainian accounts are increasingly being blocked: what words in the payment order arouse suspicion of banks

Ukrainian banks are more active in blocking customer accounts due to "risky" wording...

NABU is preparing suspicion against Lviv Regional Council deputy Yuriy Doskich after losing the NACP courts

Deputy of the Lviv Regional Council from the Servant of the People party Yuriy...

Former Director of the Kyiv City State Administration's Department of Transport Ruslan Kandybor is being investigated for possible illegal enrichment

Anti-corruption authorities have begun checking the lifestyle and financial assets of...

Military registration and mobilization: who can be drafted into the army in November

General mobilization is underway in Ukraine - to the ranks of the Armed Forces...

Doctors have named a cheap vegetable that helps lower blood pressure and cholesterol

Amid rising food prices, Ukrainians continue to look for inexpensive,...

667 million on mortar shells: defense contractor supplied shortages and inflated prices during the war

While Ukrainian soldiers on the front line were losing people due to faulty...

The Chairman of the Antimonopoly Committee of Ukraine did not declare 20 real estate properties

According to the National Anti-Corruption Bureau of Ukraine (NABU), together with...

Another earthquake struck western Ukraine, this time in Bukovina

An earthquake occurred in the Chernivtsi region. This was reported by the Chief...