Kiev (AFP) – Ukraine on Thursday said it would begin negotiations with creditors on restructuring the conflict-torn country’s debt, a move called for in its high-stakes multibillion-dollar bailout from the International Monetary Fund.Finance Minister Natalie Jaresko said she expected the first $5 billion tranche of the new $17.5 billion IMF loan by Friday, with another $5 billion later in the year.The IMF said that major risks remained in Ukraine’s economic recovery, the main one being the resumption of fighting in the east, where a ceasefire between government forces and pro-Russia rebels is largely holding but skating on “thin ice”, according …read more
Source: Business Insider
