WASHINGTON: Countries borrowing money from the International Monetary Fund are not allowed to owe debt to other governments, an IMF spokesman said on Thursday.
"The fund does maintain a policy of non-toleration of arrears to official bilateral creditors," IMF spokesman William Murray told reporters.
Ukraine, which recently received a $17.5 billion IMF bailout, must come up with at least $15.3 billion from sovereign debt restructuring under the conditions of the program. But Russia, which holds $3 billion of debt due in December, has so far refused to participate in the restructuring.
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