Thursday, 27 February 2014

Ukraine Pledging ‘Wide-Ranging Reforms’ in Loan Request to IMF - Bloomberg #EuroMaidan

Ukraine Pledging ‘Wide-Ranging Reforms’ in Loan Request to IMF - Bloomberg:



"Ukraine’s new leadership is pledging “wide-ranging reforms” in exchange for financial assistance, an International Monetary Fund spokesman said, citing the country’s formal request for aid today.



“The situation is urgent and we are seized of that urgency,” Gerry Rice, director of the IMF’s communications department, said in Washington. “We stand ready to help.”



IMF Managing Director Christine Lagarde, in a statement earlier today, said the fund will send a “fact-finding” team to Kiev in coming days for preliminary talks with government officials.



“This will enable the IMF to make its usual technical, independent assessment of the economic situation in Ukraine and, at the same time, begin to discuss with the authorities the policy reforms that could form the basis of a fund-supported program,” she said."



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