Ukraine restructures $20 billion debt, saving $11.4 billion
theglobeandmail.com — September 3, 2024, 06:00 PM UTC
Summary: Ukraine has successfully restructured over $20 billion in debt, saving $11.4 billion over three years. This deal, one of the largest in history, follows a payment moratorium initiated in August 2022 amid ongoing conflict. Key negotiations involved major asset managers and the IMF, culminating in a bondholder vote with over 97% support. The restructuring is vital for Ukraine's war efforts and economic stability.
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