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Ways of Ukrainian debt restructuring under conditions of military and economic crisis

Author

Listed:
  • Andriy Shkliar

    (Institute for Economics and Forecasting, Ukrainian NAS, Kyiv)

Abstract

Significant structural problems of the Ukrainian economy were strongly deepened by military conflict in Eastern Ukraine that led to painful infrastructure losses and industrial production decline. Ukrainian government is forced to look for new external sources of financing feeling pressure of significant public debt, rapid devaluation of the national currency and need to redistribute budget for military purposes. As result, the government has to focus on development of mechanisms to reduce external debt payments in the short run, and revise the debt payments schedule to eliminate the stress of peak periods.

Suggested Citation

  • Andriy Shkliar, 2014. "Ways of Ukrainian debt restructuring under conditions of military and economic crisis," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 12, pages 10-13, December.
  • Handle: RePEc:uje:journl:y:2014:i:12:p:10-13
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    References listed on IDEAS

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    1. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Chapter 1," MPRA Paper 17452, University Library of Munich, Germany.
    2. Anna Gelpern, 2014. "Debt Sanctions Can Help Ukraine and Fill a Gap in the International Financial System," Policy Briefs PB14-20, Peterson Institute for International Economics.
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