Ukraine has signed an agreement to suspend foreign debt payments
Minister of Finance Serhii Marchenko signed a memorandum on the suspension of payments for state and state-guaranteed debt with a group of Ukraine’s official creditors from the G7 and Paris Club countries.
The agreement was concluded as a continuation of the intention announced on July 20 by the creditors to suspend principal and interest payments on bilateral debts from August 1, 2022, to the end of 2023, with the possibility of extending the suspension for an additional year. Creditor countries supported the move to allow the Ukrainian government to increase social and health care spending and stabilize the economy during the war.
The memorandum was signed by representatives from the governments of Canada, France, Germany, Japan, Great Britain, and the US. The total amount of debt covered by the memorandum is approximately $3.1B.
Read also
Turkey fills 20% of corn import quota
South America’s agricultural sector enters a phase of structural transformation am...
Bangladesh imports 20 mln liters of soybean oil from Indonesia to stabilize the ma...
Ethiopia becomes Africa’s largest wheat producer
Black Sea wheat pushes Australian grain out of Southeast Asian markets
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon