Ukraine’s creditors agreed on 2-year freeze of foreign debt payments
Ukraine’s overseas creditors on August 10, 2022, backed its request for a two-year freeze on payments on almost $20 billion in international bonds, reports Reuters.
Ukrainian Prime Minister Denys Shmyhal said it would help to save almost $6 billion on payments.
“These funds will help us maintain macrofinancial stability, strengthen the sustainability of the Ukrainian economy and improve the power of our army,” stated Ukrainian PM.
Ukrainian Finance Minister Serhii Marchenko says that the creditor’s decision is a testament to investors’ willingness to support Kyiv.
“Thanks to the solidarity with Ukraine shown by the private investor community along with the official public sector, we will be able to meet the needs of the state budget of the country in war,” noted Marchenko.