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 IMF will provide loans to Ukraine only after public debt restructuring

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The International Monetary Fund has made conclusions on possible further crediting of the Ukrainian economy.

This was stated by Head of the IMF mission Nikolay Gueorguiev, Censor.NET reports citing TSN.

It is noted that restructuring of the national debt is a required prerequisite for the provision of financial aid.

Read also: Finance Minister Jaresko predicts early agreement with IMF: one decision left

The statement notes that the Ukrainian authorities intend to complete the restructuring of the debt in accordance with the objectives of the program, which will ensure the sustainability of public debt and the continuation of the IMF lending program in full. It also noted that in a broad sense, the financial support of Ukraine's efforts to implement reforms by official and private investors is a vital factor for the success of the program.

Read also: Creditors' Committee put forward proposals on Ukrainian debt restructuring: 10 year delay, $15.8 billion in savings - Reuters

Gueorguiev also noted significant progress in the implementation of reforms required to obtain finance from the international institutions, especially considering the fact that the changes are conducted simultaneously with the fighting in the East.

The document notes that the Ukrainian authorities are determined to fulfill the reform program. All the performance criteria set for the end of March have been met, and all structural beacons to be achieved in spring are being conducted, though some with delays.

 
 
 
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