What amount of debt forgiveness is mentioned in the restructuring plan?
CLEAN : Ukraine creditors agree debt restructuring deal
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10th Grade - University
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Hard
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The video discusses an agreement reached with creditors to restructure $18 billion of Ukrainian debt, including a 20% reduction or 'haircut'. Payments are extended by four years, with a new interest rate of 7.75%. The restructuring meets IMF targets, postponing $11.6 billion in payments.
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What were the principal payment terms during the IMF program as described?
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