Ukraine feels its reform efforts have been vindicated by the International Monetary Fund’s decision to give it another $1 billion in aid, but the country still faces a struggle to speed economic growth and achieve lasting change.
After waiting for nearly a year for Kyiv to accelerate reforms, the IMF announced the release of more aid Wednesday. It’s part of a $17.5 billion bailout aimed at shoring up an economy brought low by a pro-Russian separatist war in the east.
The money will go to increasing Ukraine’s foreign exchange reserves, which in turn should help stabilize the hryvnia currency and give the …read more
Source: Voice of America
