IMF Managing Director Issues Statement on Ukraine

In the statement below, released June 12, Ms. Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), announces IMF policy on Ukraine: “Ukraine’s debt repayment capacity is limited by its fiscal capacity. Since Ukraine lacks the resources under the program to fully service its debts…in the event that a negotiated settlement with private creditors is not reached and the country determines that it cannot service its debt, the Fund can lend to Ukraine.”

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