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
- Coquihalla opensKamloops
- Fire destroys houseVernon / N. Okanagan
- Quad crash hospitalizes oneKelowna
- Teachers: 40 years of battlesBC
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...