Print Edition - 2017-03-20  |  Money Digest

IMF suspends discussion on Ukraine handout


Mar 20, 2017-

Ukraine on Sunday said the International Monetary Fund has postponed a board discussion on disbursing a new $1-billion loan tranche after Kiev cut trade links with Russian-backed rebel eastern regions. “The IMF board of directors has postponed for a short period the review planned for Monday of the issue,” Ukraine’s finance ministry said in a statement.There was no separate confirmation from the IMF. Cash-starved Ukraine is desperately waiting for the next instalment of a $17.5 billion rescue programme that has been held up repeatedly since it was agreed in 2015 over delays by Kiev to carry out reforms.The IMF and authorities in the ex-Soviet nation reached a preliminary agreement earlier this month to pave the way for the board to discuss handing out the fourth slice of the mammoth loan.

Published: 20-03-2017 09:53

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