Ukraine desperately seeking t-bill buyers

Ukraine's central bank said on Jan. 25, 2001, it plans to increase loans to commercial banks secured on treasury bills this year in a move aimed at reviving the domestic debt market. The market has been at a virtual standstill since Russia's 1998 financial crisis rocked the region.

In 2000, Ukraine was in technical default on 73 million hryvnias ($13.43 million) of domestic OVDP discount treasury bills. A central bank spokeswoman said the central bank would use new mechanisms in 2001 to refin