The Ukrainian government approved on Saturday the framework for Ukraine’s debt restructuring operation through which it aims to generate $15.3 billion, the Finance Ministry said in a statement.
Ukraine is due to start talks on a fast-track debt swap with investors including Franklin Templeton, PIMCO and Blackrock as part of a $40 billion bailout approved with the International Monetary Fund last month.
The Finance Ministry reiterated that Kiev wants a deal in place by end-May, before the IMF carries out its June review.
“As per the IMF Program, negotiations with creditors must be finalised by 1st review (in May 2015),” it said.
It gave …read more
Source: Voice Of Nigeria
