Ukraine and its creditors say they want to have an agreement as soon as possible 02.07.2015
The Ministry of Finance of Ukraine and its creditors on Wednesday reported a "useful exchange of views" and development of the terms of the Privacy Policy, which will start the main talks next week.
In a statement posted on the ministry's website, it states that the parties shall enter into negotiations "without preconditions and with a view to conclude an agreement on the conditions of operations of the debt as quickly as possible."
Earlier on Wednesday, the International Monetary Fund, which participated on Tuesday in a meeting of Ukraine with its foreign creditors, urged the parties to reach an agreement on debt restructuring, which should give the close to defaulting country economy $ 15.3 billion in the next four years.
The IMF message published after the meeting, said that it was wearing a "technical" nature and there is discussed the purpose of debt transactions and macroeconomic forecasts prepared by experts of the fund.
Ukraine since mid-March persuade holders of Eurobonds issued before the change of power in Kiev in February last year, not only to agree to defer settlement and reduce coupon rates, but also to write off part of the debt, which is opposed by the creditors.
Ukraine is experiencing an economic crisis in the background of the armed conflict with pro-Russian separatists in the east, seeking the restructuring of public and quasi-public external debt in the amount of approximately $ 23 billion.
The saving is part of the reform program, for the support of which the IMF approved in March a four-year funding of $ 17.5 billion, and other international financial institutions and creditor countries have promised another $ 7.5 billion.
"The Fund calls on Ukraine and its creditors to continue their efforts to reach agreement consistent with the objectives of the government's reform program to strengthen financial stability and debt," - is said in the statement.
Ukraine has tried for four years to reduce the ratio of public debt to gross domestic product to 71 % from over 100 % now, as well as the annual debt burden to 10 % of GDP.
