Ukraine says first debt proposal does not meet targets


  • World
  • Friday, 17 Apr 2015

WASHINGTON (Reuters) - The first proposal by a committee that represents nearly half of Ukraine's creditors does not help the government achieve all its targets for debt restructuring, Ukraine's finance minister Natalia Yaresko said on Friday.

After a year of war and political upheaval that has seen its currency plummet and sent its economy into a tailspin, Ukraine agreed a $17.5 billion, four-year bailout facility with the International Monetary Fund last month. The deal obliges Kiev to restructure at least $15.3 billion of outstanding debt.

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