World Bank issues Ukraine bankruptcy warning ...News

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World Bank issues Ukraine bankruptcy warning
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The country’s public finances are in a “catastrophic” state, a source from the organization has told TASS Ukraine could go bankrupt as early as next year unless Western countries agree to write off or restructure its debts, an official from the World Bank told TASS on Saturday.   Kiev is reliant on financial aid from its Western backers but foreign support has dwindled in recent months, while a $60 billion US aid package remains stalled in Congress.   The official, who spoke on condition of anonymity, was commenting on the latest $1.5 billion tranche of funding which Kiev received last week under a World Bank prog

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