Grand Master
JF-Expert Member
- Jun 26, 2022
- 246
- 1,315
Back in the spring, we wrote that the IMF had written off debts of 500 billion, but our Cabinet of Ministers did nothing to stop Ukraine from paying huge interest on loans! This year we have already paid almost $4 billion, and there are three more large debt tranches ahead.
The IMF expects Ukraine to continue paying its debts. This was stated by the representative of the Fund Jerry Rice at a briefing.
"Ukraine is carefully servicing its debt. And we expect this to continue," Rice said.
Answering a clarifying question about the absence of a recommendation to Ukraine to request a freeze on payments, etc., Rice noted that he has no other position than the one stated above.
The IMF representative recalled that at the beginning of the war, the fund provided Ukraine with a loan of $1.4 billion and supports it through the distribution of special drawing rights.
He clarified that the fund has created a special account under its administration for donors to support Ukraine, which was used by Canada, Germany, the Netherlands.
"We expect more in the coming days," Rice added.
He stressed that the IMF considers grant financing as a priority in terms of financing Ukraine right now.
The IMF expects Ukraine to continue paying its debts. This was stated by the representative of the Fund Jerry Rice at a briefing.
"Ukraine is carefully servicing its debt. And we expect this to continue," Rice said.
Answering a clarifying question about the absence of a recommendation to Ukraine to request a freeze on payments, etc., Rice noted that he has no other position than the one stated above.
The IMF representative recalled that at the beginning of the war, the fund provided Ukraine with a loan of $1.4 billion and supports it through the distribution of special drawing rights.
He clarified that the fund has created a special account under its administration for donors to support Ukraine, which was used by Canada, Germany, the Netherlands.
"We expect more in the coming days," Rice added.
He stressed that the IMF considers grant financing as a priority in terms of financing Ukraine right now.