: :inin Kyiv (EET)

IMF, Ukraine in deal for $17.5 bn bailout: Lagarde


Brussels (AFP) – The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion dollars that could be a “turning point” for Kiev, Christine Lagarde said Thursday.Talks have been underway in Kiev for days to reach an agreement on Ukraine’s fourth IMF bailout in ten years, with the last package in April 2014 failing to stabilise Kiev’s finances as it battles pro-Russian separatists in the east.”I am pleased to announce that the IMF team working in Kiev has concluded a staff-level agreement with the Ukrainian government on a new economic …read more

Source: Business Insider

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