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IMF approves $17.5bn bailout package for Ukraine

Wednesday, March 11, 2015 10:25
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The International Monetary Fund (IMF) board of directors signed off on Ukraine’s new $17.5 billion package of financial aid Wednesday, IMF chief Christine Lagarde has announced.

In February, the IMF pledged the multibillion aid package to Ukraine over the next four years in additional to the $17 billion aid package in April 2014

Without the IMF funds, Ukraine’s economy would likely collapse, as the economic situation is very fragile. Despite a ceasefire, bursts of fighting continue in the country’s east, and Kiev continues the costly war against anti-government forces …. http://rt.com/business




Source: http://luismmx.blogspot.com/2015/03/imf-approves-175bn-bailout-package-for.html

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