MOSCOW (AP) — The Ukrainian government said Thursday it has reached a deal with its international bondholders to lighten its public debt burden, a crucial move that will help the country avoid default as it tries to cope with the devastating costs of war. Earlier this month, the IMF gave Ukraine a passing grade on its efforts to reform its economy and political system but it has insisted on the need to agree on the debt relief with private sector bondholders. The government hailed the debt relief agreement as a "critical step toward macroeconomic stability, creating a healthy economy and attracting international investment."
Ukraine Reaches Debt Relief Deal With Creditors
World News From SFGate, San Francisco Chronicle: World
Thu, 08/27/2015 - 9:56am
BING NEWS:
- Ukraine reaches preliminary deal with bondholder group in effort to avoid default
The government said the IMF had confirmed that the deal was compatible with the parameters ... "We are pleased to be able to provide significant debt relief to Ukraine, assist its efforts to ...
07/22/2024 - 1:00 pm | View Link - More
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