To the question of whether the IMF can write off Ukraine’s approximately $15B in debt, taking into account an analysis of Ukraine’s debt sustainability, the top manager of the IMF, Julie Kozack, answered that Ukraine’s debt was recognized as sustainable on a prospective basis under a number of conditions. The first is the continuation of fiscal consolidation, as provided for in the program. The second is the continuation of significant concessional financing and debt restructuring, again in line with the program.
Importantly, the perimeter of debt restructuring covers official bilateral and external commercial debt. It does not include multilateral debts, including, of course, debts to the IMF.
“Therefore, there are no plans for a specific issue,” Kozack added.