BERLIN/WASHINGTON—The International Monetary Fund and Group of Seven leading economic powers on Wednesday praised Ukraine’s determination to reform its economy against all odds, with the G7 saying Kyiv’s new draft budget should put it on track for an IMF-led bailout. Ukraine’s parliament approved on Monday a raft of IMF-backed amendments to its 2015 draft budget that Kyiv hopes will help it clinch a $17.5 billion bailout from the IMF, whose board is expected to meet next week. IMF chief Christine Lagarde cautioned that what she called the “huge distraction” of fighting pro-Russian rebels in eastern Ukraine complicated the provision of …read more
Source: Egylovers
