IMF mission to Ukraine promotes eurobond sale

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.
Yuri Gripas | Reuters

An International Monetary Fund mission said on Saturday after discussions with Ukraine that authorities look forward to broad participation of eurobond holders in the recently launched debt exchange.

The mission chief for Ukraine, Nikolay Gueorguiev, said due to a larger-than-expected economic decline in the first half of the year, the mission revised growth projections for 2015 to negative 11 percent.

Growth is expected to reach 2 percent next year, Gueorguiev said in a statement.