Ukraine in the news this morning with Reuters also reporting that an International Monetary Fund mission will visit Kiev from Dec 9-18 for talks with the new government regarding a $17 billion bailout program, the IMF’s Ukraine representative Jerome Vacher said today
The IMF program was agreed in April to shore up Ukraine’s foreign currency reserves and support the economy and Kiev had expected that the next loan tranche, worth $2.7 billion, would come before the end of the year, but the IMF waited for a new government to be formed to hold talks on the payment.
Ukraine has so far received two tranches under the IMF programme, worth a total of $4.6 billion, but the country’s foreign currency reserves are at a ten-year low due to gas debt repayments to Russia and efforts to support the struggling hryvnia currency.
Reuters has more here
IMF heading to Kiev for more bailout talks
