The International Monetary Fund and conflict-torn Ukraine
have reached a preliminary deal on a new financial rescue plan worth US$17.5 billion
that could be a “turning point” for Kiev, IMF chief Christine Lagarde said
Thursday.
In total, Ukraine will
receive $40 billion in assistance over four years coupled with bilateral loans
from other sources, Lagarde said, helping to stabilize Kiev’s finances after 10 months of conflict
in the east.
Talks have been under way in Kiev for days to
reach an agreement on Ukraine’s
fourth IMF bailout in 10 years, with the last package in April 2014 failing to
stave off financial crisis in the former Soviet republic.
“I am pleased to …read more
Source: The Jakarta Post
