Minister of Finance: Ukraine managed to avoid default and retain the ability to attract investments
Kyiv • UNN
Finance Minister Sergiy Marchenko said that Ukraine has avoided default, retaining the ability to attract investment for the state and business. Ukraine is having difficulties accessing the capital market, but the situation may improve.
Ukrainian Finance Minister Sergiy Marchenko said that Ukraine managed to avoid a default, which would have led to the loss of the ability to attract any investments for the state and private business. He said this during a telethon, a correspondent of UNN reports.
We have built good relations with our creditors and did not default. A default would have meant that we would have lost the ability to attract any investment, not only from the government but also from private business. This would have been a very big problem for us, which we managed to avoid
He added that Ukraine is currently facing difficulties in entering the capital market, but after this transaction, it will be possible to do so if favorable conditions improve.
Recall
About a month ago, The Economist reported that Ukraine has a month to reach an agreement with its international creditors on a debt restructuring and avoid a default.