Finance
Ukraine eyes GDP-linked debt talks after imminent IMF review
Published by Global Banking & Finance Review®
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
Ukraine aims to restart debt talks post-IMF review, focusing on restructuring GDP-linked warrants after previous defaults.
LONDON (Reuters) -A soon-to-be-released review by the International Monetary Fund of Ukraine's debt sustainability is the next logical opportunity to restart broken-down talks over restructuring its GDP-linked warrants, said the country's debt chief Yuriy Butsa.
Butsa told the Financial Times' Global Borrowers & Bond Investors Forum in London on Tuesday that the next IMF review was due to be released in the next week or two and that the new information would be a chance to talk to debt holders again.
IMF Executive Board is expected to meet late next week to sign off the latest review of Ukraine's $15.5 billion, four-year support programme following a staff level agreement in late May.
Sign off by the IMF Executive Board will trigger a payout of around $500 million to Kyiv and see the publication of the Fund's latest assessments and forecasts, which would serve as a basis for the next round of talks with warrantholders.
The IMF has urged Ukraine to continue with "good faith" efforts to reach an agreement with investors holding its GDP warrants after it defaulted on a payment on the growth-linked fixed income instruments in May.
Asked by Reuters for further details, Butsa said it would only make sense to hold talks if warrantholders now had a "comprehensive" plan in mind for how to restructure the debt.
(Reporting by Marc Jones, writing by Karin Strohecker, Editing by Franklin Paul)
The upcoming IMF review aims to assess Ukraine's debt sustainability and will provide crucial information for restarting talks on restructuring its GDP-linked debt.
Ukraine is expected to receive around $500 million following the IMF Executive Board's sign-off on the latest review of its $15.5 billion support program.
The IMF has urged Ukraine to continue making 'good faith' efforts to reach an agreement with investors holding its GDP warrants after the country defaulted on a payment.
Ukraine's finance official, Butsa, indicated that talks would only be productive if warrant holders had a 'comprehensive' plan for restructuring the debt.
The IMF Executive Board is expected to meet late next week to finalize the latest review of Ukraine's financial support program.
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