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Will Ukraine's GDP growth rate be positive for the fiscal year 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official GDP reports from the Ukrainian government or international financial organizations like the IMF or World Bank
Story
Ukraine Secures $20 Billion Debt Restructuring with 37% Cut Amid War
Sep 3, 2024, 06:07 AM
Ukraine has secured approval from international bondholders to restructure over $20 billion of debt, with a 37% cut to the face value of its bonds. The deal, backed by 97% of the bondholders, was announced on Wednesday amid the ongoing war with Russia. The restructuring plan was facilitated by Ukraine's financial adviser, Rothschild & Co, who provided a comprehensive strategy to manage the country's sovereign debt. Yuriy Butsa, Ukraine's debt chief, played a key role in this process. This crucial financial maneuver comes as Ukraine continues to navigate the economic challenges posed by the conflict with Russia.
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