Investors holding 97% of Ukraine's more than $20 billion in international bonds agreed to a debt restructuring plan, giving the government more room to pay for its war against Russia's invasion and fulfilling a key condition of support from the International Monetary Fund.
Approval means the government's debt restructuring plan can now go ahead, with investors taking a 37% writedown on the face value of their holdings, forgoing $8.7 billion in claims.
Canada announced C$635 million ($460 million) in new financing and guarantees for Ukraine's energy security and reconstruction, alongside an agreement to establish a 100-year strategic partnership between the two countries. Nearly C$435 million will be provided as new loan guarantees to the European Bank for
Ukraine needs stronger capacity to prepare and implement projects to accelerate the deployment of reconstruction financing, said a senior European Investment Bank official. “Public sector capabilities still need to grow,” Matteo Rivellini, head of the EIB’s Ukraine Investment Team, told Ukraine Rebuild Newswire. “We have, let's say,
