Debt restructuring: prospects for Ukraine

Abstract

The Ukrainian economy was badly affected by the war and works in extremely difficult conditions. The huge budget deficit and the continuing emergency need for financing drew attention to the topic of restructuring Ukraine's Eurobonds. Restructuring does not seem inevitable, given the generous financial aid Ukraine receives from its allies.
This article clarifies modern ways of debt restructuring, possible ways of reducing the debt burden on Ukraine's economy caused by the state of war. On the basis of various official statistical data, the structure of the state debt of Ukraine was investigated, as well as the main trends of indebtedness and specific features of its formation were revealed. Based on the analysis, problems were identified and ways of optimizing the state debt and improving Ukraine's debt policy were proposed.
The current state of Ukraine's debt burden is analyzed. The main measures to overcome the debt crisis are described. The current state of public debt management in Ukraine is considered and the principles that should be followed when solving the issue of debt restructuring in Ukraine are determined.
Using the example of other countries, the impact of the rapid growth of external debt due to crises and other situations that destabilize the situation in the country has been studied. The experience of countries in the process of external debt restructuring and the consequences faced by countries after that were considered.