Ukraine and ad hoc creditors
committee agree on confidentiality arrangements, principal to principal
negotiations to start next week.
A meeting took place at the International
Monetary Fund headquarters in Washington DC on 30 June 3015 between a Ukrainian
delegation headed by Ukrainian Debt Envoy Vitaly Lisovenko, members of
Ukraine’s ad hoc creditors committee and representatives of the International
Monetary Fund. The meeting provided a forum for a useful exchange of
views on the Ukrainian macroeconomic setting and technical aspects of Ukraine’s
envisaged debt operation.
Following the meeting, Ukraine and members of
the ad hoc creditors committee reached agreement on confidentiality
arrangements that will allow principal to principal negotiations on the
substance of possible solution to start next week. The parties have agreed to
enter such negotiations in good faith, with no preconditions and with the
objective of concluding an agreement on the terms of the debt operation as soon
as possible.
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