After receiving approval for a $1 billion release from the International Monetary Fund, Ukraine’s central bank declared it expects another $4.5 billion from the supranational organization this year. Ukraine has been fighting endemic corruption and inefficiencies left over from Soviet times, in addition to fighting a war with pro-Russian separatists…
IMF Releases $1 Billion Aid Tranche To Ukraine.
As the blockade in East Ukraine shuts down rail lines from Donetsk into the government-controlled regions of the country for another week, gravely impacting the nation’s economic growth, the International Monetary Fund and the government in Kyiv announced today that the IMF is delaying further disbursement of aid until they…
IMF Director Lagarde Says Ukraine Bailout Looks To Be Moving Forward.
Ukrainian Prime Minister Volodymyr Groysman said recently that Kyiv should have a deal in place with the International Monetary Fund by the end of February of this year to release the next $1.7 billion tranche of the international organization’s $17.5 billion aid package. With renewed violence in Donbass as the…