Ukraine could return to foreign capital market in lat e2016 or early 2017 – finance ministry

12:48, 01.12.2015 1 min read

Ukraine could return to the foreign capital market in late 2016 or early 2017 if the macroeconomic situation in the country is favorable, Deputy Finance Minister of Ukraine Artem Shevalev has said.

"If we have economic grounds for this and demand on support of economic growth, the entering of the markets in this situation would be justifiable. It is likely that we will discuss this with our colleagues from the International Monetary Fund in late 2016 or early 2017," he said at a panel discussion in Kyiv on Monday.

He said that the Ukrainian government successfully restructured the debt, and if the situation is favorable Ukraine could return to the foreign capital markets early than it is traditionally considered after restructuring.

The Finance Ministry is not convinced in the economic efficiency of Diaspora bonds, he said.

"As for bonds for the Diaspora, we should clearly understand the purpose. I'm not sure that this will have economic effect," he said.