Natalie Jaresko, one of the team of foreign-born Ukrainians among Ukraine’s top officials, has talked to Ukraine Today’ Volodomyr Solohub about Ukraine’s financial struggles, while a delegation of the International Monetary Fund has begun its two-week mission to the Ukrainian capital Kyiv.
According to Jaresko, international creditors have delayed the process of Ukraine's debt restructuring, Ukraine Today reports.
Another $1.7 billion dollar loan from the IMF is also expected soon.
Speanking of the older “typically commercial” debt, with a very high-interest rate, Jaresko stressed that “the IMF's money is less expensive” and it “lowers the amount of interest that we need to pay as a country on the outstanding debt.”
Ukraine’s Finance Minister also said that 5% of the GDP had been put into Ukraine’s budget this year for national defense and law enforcement.
See unian.info’s video section for more of the latest news from Ukraine in video from Ukraine Today, Ukraine’s 24-hour English-language news channel.