Ukraine has asked the International Monetary Fund (IMF) for a new and broader bailout package and will attempt to renegotiate its debt with bond holders.
IMF chief Christine Lagarde announced the request made by Ukraine President Petro Poroshenko on Wednesday after a meeting the two had on the sidelines of the World Economic Forum in Davos, Switzerland.
Lagarde said the Ukraine leader was intending to replace the country’s current $17 billion rescue package with a new one. Lagarde said she will submit the request to the IMF board for immediate consideration.
“This request [for a new program of financial rescue loans to Ukraine] …read more
Source: Voice of America
