Ukraine risks defaulting on its debt unless Western donors come up with more funds on top of the financial aid already promised, Prime Minister Arseny Yatseniuk said on Thursday.
A year of revolution and war with pro-Russian separatists has pushed Ukraine’s hryvnia currency to record lows and crippled the economy, which was already near bankruptcy after years of corruption and economic mismanagement.
Parliament on Thursday approved the new government’s economic program of tough reforms aimed at securing the $27 billion so far promised by Western backers including the International Monetary Fund and the World Bank.
But Yatseniuk said international lenders needed to put …read more
Source: Voice of America
