IMF to expedite $5 billion loan to Ukraine ...News

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IMF to expedite $5 billion loan to Ukraine
The head of the fund said the aid would keep Ukrainian economy afloat Ukraine likely needs $5 billion a month in financial assistance to keep its economy operating and the immediate priority was finding ways to fill that gap in the next three months, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The Washington-based financial institution will start work on a future loan program, but it was “unfair” to expect Ukraine to implement a far-reaching package of reforms at the moment, Georgieva told a news conference on Wednesday. On Sunday, Kiev requested $50 billion in financial

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