IMF expects Ukraine to continue servicing debt – spokesman

Author of the article: NEW YORK — The International Monetary Fund expects Ukraine to continue to service its foreign debt, an IMF spokesman said on Thursday. At the moment Ukraine is servicing its debt in an orderly way, said Fund spokesman Gerry Rice in a scheduled news briefing. “We would expect that to continue.” He…
IMF expects Ukraine to continue servicing debt – spokesman

Author of the article:

NEW YORK — The International Monetary Fund expects Ukraine to continue to service its foreign debt, an IMF spokesman said on Thursday.

At the moment Ukraine is servicing its debt in an orderly way, said Fund spokesman Gerry Rice in a scheduled news briefing. “We would expect that to continue.”

He said the IMF sees international community grant financing as a priority for the immediate and short-term, as “that would allow the Ukrainian government to remain operational without incurring further debt.”

Ukraine’s state-owned gas company Naftogaz asked its international creditors earlier this week to allow for a two-year deferral on debt payments, fueling bets that the sovereign could follow.

Creditors were urged Thursday to reject the company’s request.

Ukraine’s economy and government revenue have shrunk significantly since Russia’s invasion in late February. (Reporting by Rodrigo Campos in New York and David Lawder in Washington)

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Rogers says it couldn’t have restored emergency services any faster during outage
Read More

Rogers says it couldn’t have restored emergency services any faster during outage

Author of the article: A person looks at their laptop displaying a Rogers service interruption alert in Montreal, Friday, July 8, 2022. Photo by Graham Hughes /The Canadian Press TORONTO — Rogers Communications Inc. says in a submission to the federal telecom regulator that it could not have restored emergency services any faster during a…
Sri Lanka confident of not defaulting on its debt, says finmin
Read More

Sri Lanka confident of not defaulting on its debt, says finmin

Author of the article: Reuters Uditha Jayasinghe COLOMBO — Sri Lanka is confident of not defaulting on its debt repayments and will work on gradually improving the quality of its foreign exchange reserves, finance minister Basil Rajapaksa said on Saturday, a day after presenting the 2022 annual budget. The government will reduce its budget deficit…
EBSCO Capital Announces the Acquisition of Hydrolico for Bailey International
Read More

EBSCO Capital Announces the Acquisition of Hydrolico for Bailey International

Author of the article: Bailey expands presence in Canada and the US BIRMINGHAM, Ala. — EBSCO Capital announces the acquisition of Hydrolico International Inc. (Hydrolico) for EBSCO Industries’ portfolio company, Bailey International, LLC (Bailey), a leader in the manufacturing and distribution of mobile hydraulic power solutions, headquartered in Knoxville, TN. Hydrolico is a Quebec-based, leading…