U.S. credit guarantees, other intl financial aid depends on success of Ukraine's debt deal – Jaresko
New U.S. credit guarantees and other international financial assistance for Ukraine depends entirely on the successful restructuring of the country's commercial debt, Ukrainian Finance Minister Natalie Jaresko has said.
"All the creditors of Ukraine, including the International Monetary Fund, expect that the restructuring will be completed successfully and they will be able to provide credit guarantees or credits to us. Now we should pass draft laws which were sent to the parliament to finish the debt deal," she said at the signing ceremony of an agreement with the World Bank in Kyiv on Wednesday.
Jaresko said that each creditor of Ukraine, including the American government, wants to know that they are crediting a country which is on its way to solvency and financial and economic restoration.
"We haven’t yet held talks with the U.S. government on new credit guarantees, as we firstly are to settle the issue with debt restructuring. If we are successful, then maybe, we will really start talks at once after restructuring, and new guarantees could be received by the end of this year," Jaresko said.
