LONDON/KIEV (Reuters) - The collapse in Ukraine's hard currency
reserves to just enough to cover five weeks of imports is threatening
big government debt writedowns, rather than mere maturity extensions,
being needed to put the country on its feet.
That is, unless international lenders beef up existing loan offers to plug an estimated $15 billion (9.85 billion pounds) funding gap.
A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows. There is little respite in sight.
Read more Click here / www.trade4x.net
That is, unless international lenders beef up existing loan offers to plug an estimated $15 billion (9.85 billion pounds) funding gap.
A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows. There is little respite in sight.
Read more Click here / www.trade4x.net
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