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Archive 2004

  • 07.06.2004

    Setting Regulatory Framework for Municipal Borrowing and Debt in Ukraine

    (Code:T39)

    Presently, high risks associated with local borrowing in Ukraine provide a ground for setting significant (though non-prohibitive) legal restrictions in order to ensure fiscal stability and protection of creditors’ rights. The focus of a new Draft Law “On Municipal Borrowing and Guarantees” should be shifted from the borrowing stage to debt redemption.

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