**Ukraine Looks to Restart Debt Talks After IMF Review**
The head of Ukraine’s debt management, Yuriy Butsa, is hoping for a new opportunity to restart talks over restructuring the country’s GDP-linked warrants. This comes after an upcoming review by the International Monetary Fund (IMF) on Ukraine’s debt sustainability.
In an interview at the Financial Times’ Global Borrowers & Bond Investors Forum in London, Butsa said that the next IMF review is due to be released within the next week or two. He believes that this new information will provide a chance for talks with debt holders to resume.
**IMF Review and Payout**
The IMF Executive Board is expected to meet late next week to sign off on the latest review of Ukraine’s $15.5 billion, four-year support programme. Once the board has signed off, a payout of around $500 million will be triggered to Kyiv, and the Fund’s latest assessments and forecasts will be published.
These assessments and forecasts will serve as a basis for the next round of talks with investors holding Ukraine’s GDP warrants. The IMF has urged Ukraine to continue making good faith efforts to reach an agreement with these investors, who are still waiting for payment after Ukraine defaulted on a payment in May.
**Restarting Talks**
Butsa was asked by Reuters if it would make sense to hold talks again with warrantholders now that they have a comprehensive plan in mind. He replied that it would only be logical to restart discussions if these investors had indeed come up with a solid plan for restructuring the debt.
This development comes as Ukraine continues to navigate its complex debt situation. The country’s GDP-linked warrants are a unique type of bond that is linked to the country’s economic performance. These bonds were issued as part of Ukraine’s efforts to access international funding and have been a subject of controversy in recent months.
Read More @ {{domain}}
