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Zelensky raised issue on restructuring Ukraine's debts in negotiations with IMF

Source : 112 Ukraine

The Fund has not yet given an answer
17:58, 28 March 2020

Ukraine's President Volodymyr Zelensky
Open source

During negotiations with the International Monetary Fund President Zelensky raised the issue of debt restructuring for Ukraine. He stated this after a meeting of the Servant of the People faction, Interfax reports.

“We also talked about debt restructuring and postponement (of payment of debts - ed.),” the president said.

According to him, the IMF has not yet given an answer regarding these issues.

We recall, March 27 Zelensky said that Ukraine agreed with the IMF to increase programs to $ 8 billion.

Related: MPs preparing new amendments to 'Land law': Launch of market to be delayed until July 1, 2021

IMF Managing Director Kristalina Georgieva predicts the onset of a deeper recession than in 2009 due to the coronavirus pandemic. She stated this in her video address on March 27, following a meeting of representatives of the IMF governing body, the International Monetary and Financial Committee.

“We have revised the growth prospects for 2020 and 2021. Now it has become clear that we have entered a recession - the same bad or worse than in 2009,” the head of the IMF said.

According to her, the Fund is working on a project to restore economies in 2021. At the moment, it is important to localize the coronavirus, and to prevent the transformation of liquidity problems into a solvency problem. The main concern of the IMF is the risk of a wave of bankruptcies and layoffs that can not only undermine recovery, but also destroy the structure of society.

Related: Zelensky approved authority of Supreme Commander of Armed Forces

 

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