Kiev (AFP) – Ukraine’s finance minister said on Friday that Kiev and its private creditors were about to launch direct debt restructuring negotiations that could save the war-torn country from a devastating default.Natalie Jaresko’s comments came as the ex-Soviet state’s pro-Western leadership races to meet a late June deadline by which it must find a way to save $15 billion (13.7 billion euros) over four years.A watertight debt restructuring plan would allow the International Monetary Fund to hand over the next slice of a $17.5-billion loan at the core of a $40-billion global aid package.IMF executives are yet to name …read more
Source: Business Insider
