Tuesday 30 July 2013

IMF: time for a close look at Ukraine | beyondbrics

IMF: time for a close look at Ukraine | beyondbrics:

"
The International Monetary Fund has decided to keep an extra close eye on Ukraine. The economically-challenged country’s $15bn bailout programme was frozen in 2011 due to lacklustre reforms. But its outstanding debt to the IMF still stands at a whopping $8bn.

Ukraine is grappling with its second recession in five years and analysts say a lack of reforms and tough global conditions for exports have put it on the verge of a balance of payment crisis.

Members of the IMF’s executive board – and possibly other creditors – are looking worried."

'via Blog this'

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