Ukraine

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Ukraine’s Economy: The Day Of Reckoning

It may go down as one of the least effective bail-outs the world has ever seen. Not Greece’s, but Ukraine’s, The Economist reported. Just two weeks ago Christine Lagarde, the head of the International Monetary Fund (IMF), promised Ukraine $40 billion ...

Daily Headline - global.abi.org - 02/26/2015 - 20:57 - 0 comments

Ukraine’s Central Bank Limits Access to Foreign Currency

Ukraine’s economic woes deepened Wednesday as its central bank drastically limited access to foreign currency in an effort to halt the hryvnia’s free fall, and Russia threatened to halt natural-gas deliveries, The Wall Street Journal reported. The hr ...

Daily Headline - global.abi.org - 02/25/2015 - 21:04 - 0 comments

Ukraine Hopes to Get $10.8 Billion in IMF Aid in 2015

Ukraine hopes to get as much as $10.8 billion from the International Monetary Fund in 2015 and save up to $15 billion over the next four years from a planned restructuring of its foreign debt, the crisis-hit country’s Finance Minister Natalie Jaresko sai ...

Daily Headline - global.abi.org - 02/17/2015 - 22:53 - 0 comments

Ukraine’s $40 Billion Aid Plan Opens Path for Debt Restructuring

Ukraine’s $40 billion international bailout plan and cease-fire agreement are paving the way for the government to start debt restructuring talks with creditors, Bloomberg News reported. The International Monetary Fund-led package comprises of some $27 b ...

Daily Headline - global.abi.org - 02/12/2015 - 22:21 - 0 comments

Schäuble Urges Ukraine to Start Talks With Creditors

Germany’s finance minister said on Tuesday that Ukraine should start negotiations with its creditors on how to restructure its debts as part of a wider plan to stabilize the conflict-ridden country, The Wall Street Journal reported. Efforts by the in ...

Daily Headline - global.abi.org - 01/27/2015 - 22:03 - 0 comments

Ukraine Plans Talks With Creditors

Ukraine’s finance minister said Wednesday the government hopes to start debt negotiations with creditors next month after it completes a deal on an expanded emergency-loan package with the International Monetary Fund, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 01/21/2015 - 22:34 - 0 comments

Ukraine May Avoid Debt Restructuring, Central Bank Official Says

Ukraine isn’t planning to restructure its debt and is working with the International Monetary Fund on a “sustainable program” to fight a recession and sinking foreign reserves, the nation’s acting deputy central bank head said, Bloomberg Businessweek rep ...

Daily Headline - global.abi.org - 01/20/2015 - 22:32 - 0 comments

Ukraine Bonds Sink As Debts Spiral

Ukrainian bonds have sunk to a record low on concerns that the strife-torn country will default this year, as a tool developed by the Financial Times in collaboration with the International Monetary Fund shows the country’s debts have spiralled far h ...

Daily Headline - global.abi.org - 01/06/2015 - 20:15 - 0 comments

Ukraine’s Mriya Creditors Propose $1 Billion Restructuring Plan

Creditors of Mriya Agro Holding Plc said they presented the Ukrainian agricultural group with their own plan to restructure about $1 billion debt, Bloomberg News reported. Bondholders and lenders want the company to hire a chief restructuring officer and ...

Daily Headline - global.abi.org - 12/18/2014 - 22:18 - 0 comments

European Leaders Balk At Kiev’s Pleas To Fill $15 Billion Funding Gap

European leaders are balking at providing additional financial aid for Ukraine despite an urgent need to fill a $15bn funding gap as criticism of Kiev’s reform efforts mounts, the Financial Times reported. The International Monetary Fund has identifi ...

Daily Headline - global.abi.org - 12/17/2014 - 21:50 - 0 comments

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