KIEV: An International Monetary Fund team arrived in Kiev on Tuesday after the formation of a new Ukrainian government resolved a prolonged political crisis that had stalled the release of vital aid.
The mission’s visit was long awaited in the cash-strapped former Soviet country as it grapples with the costs of a two-year conflict in the pro-Russian separatist east and attempts to dig out of a dramatic economic swoon.
The Fund approved a new US$17.5 billion (RM70.34 billion) loan programme in March 2015 that included an initial lump payment of US$5 billion and provided for the subsequent release of US$1.7 billion every …read more
Source: theSun
