No need for debt write-off or restructuring – Ukraine’s Finance Minister

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We do not need writing off debts and restructuring, we need a financial bridge for the next few months to ensure the uninterrupted functioning of the economy, Minister of Finance of Ukraine Sergii Marchenko said in a statement.

Ukraine’s external debt payments amount to 20% of all debt payments this year and we have no problems with servicing it, Marchenko said. The government continues to work and timely provide all priority budget expenditures, including social, humanitarian and military needs, he added.

Marchenko expressed hope that the result of the IMF and World Bank spring meeting will be collective decisions by countries to increase concessional and grant financing to Ukraine.

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