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Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring (www.reuters.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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... Facing an economy crippled by the cost and destruction of the war, by August 2022 Ukraine agreed with creditors to pause payments on its bonds. With no end to the conflict in sight, last week the nation sealed one of the fastest - and largest - debt restructurings in history. Eclipsed in scale only by Argentina and Greece, the restructuring of more than $20 billion of debt will save Kyiv $11.4 billion over the next three years - crucial for both its ongoing war effort and its International Monetary Fund programme...

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