IMF to pressure Ukraine to raise taxes and devalue currency – Bloomberg ...News

The agency will reportedly demand more effort from Kiev to cover the country’s budget gap The International Monetary Fund is expected to ratchet up pressure on the Ukrainian government to cover the country’s budget gap in order to continue receiving aid, Bloomberg reported on Wednesday, citing people familiar with the matter. An IMF team is set to visit Kiev later this week to review whether the government is hitting targets that include cutting interest rates, strengthening tax-raising efforts, and devaluing the currency. Pursuing these steps is required for Ukraine to receive the next $1.1 billion tranche from a

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