XE.com - Ukraine seeks $4 bln loans in 2014 to repay foreign debt:
"Ukraine will seek to borrow $1.5 billion abroad this year and try to raise another $4 billion next year to help it service its foreign debt, the Finance Ministry said on Wednesday.
Galina Pakhachuk, director of the ministry's debt department, told journalists that the ex-Soviet republic's foreign debt repayments next year would be around $6.1 billion, including $2.9 billion of credit owed to the International Monetary Fund.
In September, Moody's cut Ukraine's eurobond rating while Standard & Poor's and Fitch expressed concern over the country's ability to refinance its debt, given its falling foreign exchange reserves and the size of its trade and budget deficits."
'via Blog this'
No comments:
Post a Comment