2015 Economic Crisis
OP-ED
The Economist: Ukraine’s debt saga
Finance Minister Natalie Jaresko and Economy Minister Aivaras Abromavicius speak during a government presentation on institutional reforms in Kyiv on June 24.
Ukraine's economy, racked by war, is in free fall. In the second quarter of this year its GDP shrunk at an annualised rate of 15 percent, after shrinking by 18 percent in the first. Its public debt is probably worth 100 percent of its GDP. Small wonder, then, that Ukraine wants to cut some of the debt it owes. After months of bitter negotiations, Ukraine and its creditors may reach a deal this week. On what issues do Ukraine and its creditors disagree, and what is likely to happen?
