Kiev:  Ukraine's Finance Ministry has received offers from nine lenders as the government prepares to sell eurobonds after it resumed talks with the International Monetary Fund (IMF).

The ministry is still receiving offers from banks across the globe, including the United States and Japan, the government said in the statement on its website yesterday.

The statement didn't provide specifics on the nature of the offers.

Prime Minister Mykola Azarov's spokesman, Vitaliy Lukyanov, didn't answer calls to his mobile phone seeking clarification. Fin-ance Ministry spokeswoman Kateryna Ustymenko declined to comment.

"We have restored cooperation with the IMF and the draft state budget envisages the smallest possible deficit," Azarov said in the statement.

"We have clearly identified sources of funding."

Deputy finance minister Andriy Kravets said last month the government wants to return to capital markets outside its borders as early as May in anticipation of a resumption of the country's IMF programme.

Suspended

Ukraine's $16.4 billion (Dh60.2 billion) loan was suspended in November after lawmakers were unable to commit to budget cuts in compliance with the IMF's terms.

"According to the budget, the government intends to sell $1 billion worth of external debt this year," Luis Costa, an emerging market strategist at Citigroup in London, said.