KIEV – The Ukrainian government approved on Saturday the framework for Ukraine’s debt restructuring operation through which it aims to generate US$15.3 billion (S$20.66 billion), the Finance Ministry said in a statement.Ukraine is due to start talks on a fast-track debt swap with investors including Franklin Templeton, PIMCO and Blackrock as part of a US$40 billion bailout approved with the International Monetary Fund last month.The Finance Ministry reiterated that Kiev wants a deal in place by end-May, before the IMF carries out its June review. “As per the IMF Program, negotiations with creditors must be finalised by 1st review (in …read more
Source: AsiaOne
