Wednesday, May 18, 2016

IMF and Ukraine reach agreement on terms of financial support – NU.nl

Details on the items agreed by the IMF and Ukraine, have not yet brought out.

Why did Ron Rooden, head of the IMF, said that the “implementation of structural and institutional reforms now is very important.” The IMF has $ 17.5 billion in aid pledged to Kiev, but it pays only when there are certain conditions.

A payment of a new tranche to Ukraine was in recent months increasingly delayed. In January, the Ukrainian government survived a confidence vote regarding serious allegations of corruption. The IMF also suggested that Ukraine did enough to implement the land reform

By:. NU.nl/Reuters

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