The International Monetary Fund (IMF) expects Ukraine to agree with its creditors on debt restructuring in accordance with the criteria required for debt operations before the program revision in June.
First deputy managing director of the International Monetary Fund David Lipton has stated this, the press service of the IMF reports.
"Our program is based on the full funding of $40 billion that Ukraine needs, as well as on provision of further financial stability of Ukraine. Accordingly, we have explained three criteria needed for debt operations, and they relate to the volume of operations, its impact on debt service and impact on indicator of debt amount to GDP. It is important for Ukraine and its creditors to reach the agreement in accordance with these three criteria and to agree till our review of the program in June," Lipton said.
According to him, this step will be an important factor in the context of the program revision.
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