IMF says it's ready to respond to Ukraine's bid for financial aid, sends team to Kyiv
BRUSSELS - The International Monetary Fund says it is "ready to respond" to Ukraine's bid for financial assistance.
In the IMF's first official statement on Ukraine since the country's political crisis intensified, chief Christine Lagarde said Thursday that a fact-finding team will be sent to Kyiv in the coming days.
Lagarde says the mission will enable the fund to make an independent assessment of the economic situation and start discussing with the Ukrainian authorities which policy reforms would be required in exchange for an emergency loan program.
She says the fund is also in intense talks with its partners on "how best to help Ukraine at this critical moment in its history."
Ukraine's finance ministry has said it needs $35 billion for this year and next to avoid default.
Read more Business News
- Man sentenced for targeting kidsKelowna - 3:00 pm
- Student stabbed to deathCanada - 2:02 pm
- Scams plague OkanaganVernon / N. Okanagan - 2:14 pm
- The benefits of being on councilVernon / N. Okanagan - 2:47 pm
|QHR Technologies Inc||1.26||-0.01|
|Anavex Life Sciences||0.20||-0.0195|
|Copper Mountain Mining||2.42||+0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.265||-0.005|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...