Ukraine doomed for default in 2015

 

Ukraine doomed for default in 2015"Ukrainian bonds have sunk to a record low on concerns that the strife-torn country will default this year," Financial Times reports."An online sovereign debt analysis tool developed by the FT in consultation with the IMF — based on the fund’s own economic model used to assess a country’s debt trajectory — underscores the extent of Ukraine’s tattered finances," the FT writes. "The IMF estimates that Ukraine needs another $15bn to avert a default, but the fund, the US and the EU are wrangling over who will foot the bill. Time is running out because the IMF is not allowed to make the next disbursement from the existing programme unless it can say to a high degree of confidence that Kiev’s debts are sustainable."

"Ukrainian bonds have sunk to a record low on concerns that the strife-torn country will default this year," Financial Times reports.
"An online sovereign debt analysis tool developed by the FT in consultation with the IMF — based on the fund’s own economic model used to assess a country’s debt trajectory — underscores the extent of Ukraine’s tattered finances," the FT writes. 
"The IMF estimates that Ukraine needs another $15bn to avert a default, but the fund, the US and the EU are wrangling over who will foot the bill. Time is running out because the IMF is not allowed to make the next disbursement from the existing programme unless it can say to a high degree of confidence that Kiev’s debts are sustainable."