Thursday, August 21, 2014


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IMF Tentatively Due To Consider $17 Billion Bailout For Ukraine

The executive board of the International Monetary Fund (IMF) is tentatively scheduled to consider a $17 billion bailout for Ukraine.

The meeting on April 30 was previously announced by a spokesperson for the IMF, Gerry Rice, last week.

The global crisis lender agreed tentatively last month to lend Kyiv $14 billion to $18 billion over two years to lead a broader support package for the economy.

The amount is part of a larger $27 billion plan announced on March 28 to help the new Ukrainian government salvage the country's finances while pressing for reforms.

The broader plan involves contributions from the United States, Western Europe, and other donors.
 
Based on reporting by AFP, "The Wall Street Journal"

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