U.S. Treasury Secretary Jack Lew on Tuesday encouraged Ukrainian leaders to keep working on restructuring their debt, saying IMF loans require everyone to make a “shared sacrifice.”
Lew met in Washington Tuesday with Ukrainian Prime Minister Arseniy Yatsenyuk and Finance Minister Natalie Jaresko. Both came to Washington to push the IMF to release the second installment of a $17.5 billion loan to Ukraine’s struggling economy.
The IMF always demands that recipients of loans make sometimes painful economic reforms before paying out the money.
Yatsenyuk told the Atlantic Council in Washington Tuesday that his government has done everything it can to close the budget …read more
Source: Voice of America