Wednesday 23 April 2014

IMF Ukraine Aid Report Said Ready for Board Review Within Days - Bloomberg

IMF Ukraine Aid Report Said Ready for Board Review Within Days - Bloomberg:



"The International Monetary Fund’s executive board will receive within days a staff report detailing Ukraine’s proposed loan program, in an effort to approve emergency financing by early May, a board official said.



The report, which will describe the economic outlook, financing needs and policy steps Ukraine agreed to take, may trigger a request for an expedited board review, according to the official, who spoke about private discussions on condition of anonymity. That means a typical two-week period for the board to study the report may be cut in half, with a vote next week, the person said.



The IMF is leading a $27 billion international loan package with a contribution of as much as $18 billion, which was agreed to in principle almost four weeks ago. The fund is seeking to complete its report as a multinational agreement with Russia to ease tensions in the former Soviet republic showed signs of collapse."



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