The International Monetary Fund will assess the progress of Ukraine’s talks with creditors, but does not have to make any decisions in June, when its next review of the country’s $17.5-billion bailout is due, the Fund’s No. 2 official said on Tuesday.
Ukraine’s officials have set themselves a June deadline to complete debt restructuring needed to plug a $15-billion funding gap in the IMF program. Many analysts are skeptical that deadline can be met.
“We have a fair amount of leeway in how we judge the progress at that point,” David Lipton, the IMF’s first deputy managing director, said at an event …read more
Source: Voice of America