KIEV, Ukraine (AP) — The International Monetary Fund agreed Wednesday to extend $17.5 billion in loans to Ukraine as part of a program designed to pull the country back from the verge of economic collapse.
IMF managing director Christine Lagarde said in a statement that the new four-year extended arrangement will support economic stabilization and wide-ranging reforms in Ukraine. Ukraine’s Finance Minister Natalie Jaresko said earlier in the day that the government expected to receive $5 billion from the IMF in the “coming days.”
Credit is being extended on condition that the government in Kiev implements deep structural reforms and slashes government …read more
Source: The Huffington Post
