After the approval of the Extended Fund Facility (EFF) Arrangement by the International Monetary Fund (IMF) Executive Board Ukraine plans to hold talks with creditors on the restructuring of foreign debt, Ukrainian Finance Minister Natalie Jaresko has said.
“Enough support to resume trust is foreseen for 2015,” the minister said speaking at the 11th investment conference of Dragon Capital in Kyiv on Feb. 17.
She stated that the size of the four-year program is around $17.5 billion, and that the total assistance package, taking into account financing by other international financial organizations and partner countries and the restructuring of state debt, is around $40 billion.
“The sum is complicated: $40 billion. This is not the final amount,” she said.
Jaresko said that after the EFF is approved by the IMF Executive Board Ukraine plans to start consultations with all its creditors on restructuring its debt.
When asked about eurbonds worth $3 billion which were bought by Russia and will mature in December 2015, Jaresko said that the bonds are sovereign debt.
She said that no official talks with Russia on the issue have taken place
