An International Monetary Fund mission said on Saturday after discussions with Ukraine that authorities look forward to broad participation of eurobond holders in the recently launched debt exchange.
The mission chief for Ukraine, Nikolay Gueorguiev, said due to a larger-than-expected economic decline in the first half of the year, the mission revised growth projections for 2015 to negative 11 percent.
Growth is expected to reach 2 percent next year, Gueorguiev said in a statement.
Via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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