"The International Monetary Fund (IMF) has welcomed the agreement between Ukraine and its creditors regarding the terms of sovereign eurobonds restructuring," said Christine Lagarde IMF Managing Director
According to an IMF press release the announced parameters of the agreement will help restore debt sustainability and together with the state policy of reform efforts will substantively meet the objectives set under the IMF supported program.
“The full implementation of the agreement will provide the targeted external debt service relief, reduce annual post-program gross financing needs as envisaged, and place public debt on a clearly downward path. It is therefore important that the agreement gains broad support by all concerned eurobond holders,” said Lagarde.
