Skip to content
Edit post

Ukraine's debt restructuring extended to March 2027

by Lance Luo December 22, 2023 1:05 AM 1 min read
Officials from Ukraine's Ministry of Finance meet with G7 creditor nations in Dec. 2023. (Ministry of Finance)
This audio is created with AI assistance

Ukraine has agreed with creditors from the G7 and the Paris Club to extend debt restructuring to 2027, the Ministry of Finance announced on Dec. 21.

"Today's agreement on the revision of debt obligations allows us to reduce the burden on the budget until the end of the IMF programme and save foreign currency liquidity to ensure social spending," Finance Minister Sergii Marchenko said.

The debt payment suspension is part of $122 billion in international fiscal support provided by Ukraine's international partners in the G7.

Signatories included the governments of Canada, France, Germany, Japan, the United Kingdom, and the United States.

Ukraine paused debt payments to G7 creditors and the Paris club in September 2022 in order to preserve hard currency resources.

Finance Ministry: Third of state budget in 2023 used to pay soldiers
Around one-third of the state budget for 2023 so far – almost Hr 520 billion ($14 billion) – has been used for military personnel expenditures, Ukraine’s Finance Ministry said on Aug. 16., referencing data from the State Treasury Service.


News Feed

5:15 AM

Media identifies nearly 85,000 Russian soldiers killed in Ukraine.

According to the outlets' conclusions for the year, 2024 will likely mark the "war's deadliest year," with a current count of over 20,000 deaths confirmed over the past 12 months — although final conclusions cannot yet be made as data on casualties continues to emerge.
11:17 PM

Zelensky meets with CIA director in Kyiv.

President Volodymyr Zelensky said on Dec. 21 that he met with CIA Director William Burns in Ukraine, marking a rare public acknowledgment of their discussions during Russia’s full-scale invasion.
4:16 AM

IMF approves $1.1 billion in funding for Ukraine.

The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.