Ukraine Says Reserves Enough to Cover Debt Payments - Bloomberg:
"Ukraine’s new government said it had enough reserves to pay all creditors as the country started negotiations for an International Monetary Fund loan.
Ukraine is ready to meet all of the Washington-based lender’s demands and is seeking additional foreign currency in the short term to increase reserves and stabilize its finances, Prime Minister Arseniy Yatsenyuk told reporters in Kiev today. An IMF mission will arrive next week, central bank Governor Stepan Kubiv said.
The hryvnia plunged to a record low this week as ethnic tensions at home and Russian military maneuvers nearby rattle investors. Ukraine’s new government, confirmed by lawmakers yesterday after a bloody uprising toppled the administration of ex-President Viktor Yanukovych, is seeking as much as $35 billion in international aid over the next two years to avert a default. The U.S. and the European Union pledged assistance."
'via Blog this'
No comments:
Post a Comment