Swordsmyth
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Ukraine in ‘Very Active’ Talks With IMF Over Longer Aid Program
Ukraine is “in very active discussions” with the International Monetary Fund over a new loan program as the country gears up for a snap general election, according to Finance Minister Oksana Markarova.Voters picked TV comedian Volodymyr Zelenskiy as president in April and will choose a new parliament next month, part of a backlash against old-guard politicians who’ve failed to end a five-year conflict with Russian-backed forces or clamp down on corruption.
The IMF agreed on a $3.9 billion loan in late 2018 to get Ukraine through this year, though aid is on hold until a new government is in place. When that happens, a new program is likely. Markarova sees it lasting three years. She didn’t specify the size.
“This program that we have right now, we’ve designed it as the breach program to cover Ukraine through two elections,” Markarova said Saturday in an interview in Skopje, North Macedonia. “In a sense, this program has done what it had to do.”
More at: https://news.yahoo.com/ukraine-very-active-talks-imf-080754540.html
Ukraine is “in very active discussions” with the International Monetary Fund over a new loan program as the country gears up for a snap general election, according to Finance Minister Oksana Markarova.Voters picked TV comedian Volodymyr Zelenskiy as president in April and will choose a new parliament next month, part of a backlash against old-guard politicians who’ve failed to end a five-year conflict with Russian-backed forces or clamp down on corruption.
The IMF agreed on a $3.9 billion loan in late 2018 to get Ukraine through this year, though aid is on hold until a new government is in place. When that happens, a new program is likely. Markarova sees it lasting three years. She didn’t specify the size.
“This program that we have right now, we’ve designed it as the breach program to cover Ukraine through two elections,” Markarova said Saturday in an interview in Skopje, North Macedonia. “In a sense, this program has done what it had to do.”
More at: https://news.yahoo.com/ukraine-very-active-talks-imf-080754540.html
