Ukraine..Can we get our 286.1 mill $ ..Now?
 

We sure could use some of the 286.1 million dollars the country of ukraine owes us <USA> right now :2 cents:


http://www.usemb.kiev.ua/press/02061...-club_eng.html


U.S. REDUCES UKRAINE?S FOREIGN DEBT REPAYMENTS BY RESCHEDULING $200 MILLION IN DEBT UNDER PARIS CLUB TERMS

The United States and Ukraine have signed a bilateral agreement to consolidate and reschedule $200 million of Ukraine?s sovereign debt to the United States under Paris Club terms, a step that will ease pressure on Ukraine?s budget and place the country on a firm financial footing with credit ratings agencies and international financial institutions.

The agreement was signed today in Kyiv by Ukraine?s Finance Minister Ihor Yushko and US Ambassador to Ukraine Carlos Pascual.

?The United States is very pleased that we can sign this agreement today, thereby fully implementing U.S. commitments under the Paris Club,? said Ambassador Pascual. ?An agreement with the Paris Club sends a strong signal to the world about Ukraine?s intentions to move forward with its economic development and its declared path of Euro-Atlantic integration.?

The total amount of Ukraine?s external debt to the United States is approximately $286.1 million. The bilateral agreement accounts for nearly 70 percent of the total amount.

Between 1994 and 1999 Ukraine accumulated $1.1 billion in foreign debt to five members of the Paris Club: France, Germany, Italy, Japan and the United States. Last July the19-member Paris Club and Ukraine agreed to restructure $580 million of that amount. This agreement will reduce Ukraine?s debt service payments to the Paris Club by $515 million ? from $800 million to $285 million.

The rescheduled amount is to be paid in 12 years, with three years grace. Ukraine is to make 18 equal and successive semi-annual payments to its creditors.

In addition to easing pressure on Ukraine?s budget, the restructuring will allow Ukraine to tap international capital for capital and infrastructure investments and establish stronger relationships with the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, and the Export-Import Bank of the United States.

how about the US pays its own debt back :)

Debts of countries is just a political show for those with no sense.

We could and would...if everyone paid us back...and still have plenty left over to lend back out :winkwink:

I agree, the US could really use that money to pay off 0.00368% of the money they owe to the rest of the world

http://www.cbsnews.com/stories/2005/...in686839.shtml

Ouch... man you are so far far away from truth... maybe it is time for you to do some google search...


USA public debt is around $7.9 trillion, i.e. $7,900,000,000,000 (>60% of GDP). Actually the big problem with public debt isn't amount because 60% of GDP is average, the big problem is that at the end of 2004, foreigners held 44% of federal debt held by the public...
The Bank of China holds some 610 billion dollars in US Treasury debt. Japan holds more, some 840 billions...

External Debt is around $5 trillion, i.e. $5,000,000,000,000... Of course this sum is biggest exteral debt in the world (i.e. China almost doesn't have external debt at all).

USA is the word biggest economy no doubt about that, but unfortunately that economy going down last 10 years...

a frightening concept to someone who solely relies on the value of the USD to survive :(

yep , sorry , money sent.