View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

12/27/2023

Statement of the Group of Creditors Of Ukraine | U.S. Department of the Treasury

Statement of the Group of Creditors Of Ukraine
December 27, 2023

The representatives of the Group of Creditors of Ukraine (GCU) and the Government of
Ukraine signed on December 21, 2023 an Amendment to the Memorandum of Understanding
(MoU) on Debt Service Suspension of Ukraine concluded on September 14, 2022. This
Amendment extends the Debt Service Suspension until the end of March 2027, corresponding
to the end of the current IMF program. It aims at implementing the first phase of the financing
assurances provided by the GCU on March 24, 2023 to support the approval of the program by
the IMF Executive Board of Directors.
The representatives of the GCU take this opportunity to reiterate their unwavering support
for Ukraine as it defends itself against RussiaŹ¼s war of aggression.
The Group also welcomes the measures and reforms implemented by the government of
Ukraine within and outside of the framework of the current IMF program to address the
economic and financial consequences of the war.
The GCU urges all other o icial creditors to swi ly reach an agreement with Ukraine on a debt
treatment at least as favorable. The GCU encourages external private creditors of Ukraine,
especially bondholders, to provide the most appropriate debt treatment before the end of the
debt service suspension they have granted in August 2022.
The Group will continue to closely coordinate and assess the situation with the support of the
IMF, the World Bank and any other relevant institutions.
Background note: The Group of Creditors of Ukraine includes Canada, France, Germany, Japan,
the United Kingdom, and the United States of America. Observers to the Group include
Australia, Austria, Belgium, Brazil, Denmark, Finland, Ireland, Israel, Italy, Korea, the
Netherlands, Norway, Spain, Sweden and Switzerland.
###

https://home.treasury.gov/news/press-releases/jy2013

1/1