Home > News > World
Friday February 28, 2014 MYT 11:35:02 PM
Friday February 28, 2014 MYT 11:35:51 PM
BRUSSELS (Reuters) - A small team of financial experts from the European Commission will travel to Ukraine on Monday to conduct a detailed assessment of how much financial assistance the country needs, EU officials said on Friday.
The team from Commission's directorate-general for economic and financial affairs is expected to meet Ukrainian finance ministry and central bank officials to determine more precisely what the country's budget shortfall and capital needs are.
"The first thing we need to do is to understand precisely how much they need," said a senior official briefed on the visit. "There are a lot of numbers being thrown around and it isn't helping to clarify the situation."
Ukraine has said it needs $35 billion over the next two years. But its short-term requirements are much less and estimated to be around $4 billion, according to EU officials.
The International Monetary Fund is also due to send a team of inspectors to Ukraine to assess its longer-term needs.
(Reporting by Justyna Pawlak, Jan Strupczewski, Adrian Croft and Luke Baker; Editing by Luke Baker)
Tens of thousand rally for Spain's Podemos before elections
Greece says will not cooperate with 'troika' or seek aid extension
Japan says hostage negotiations ‘deadlocked’
Egyptian court bans Hamas' armed wing, lists as terrorist organisation
Dynamic and Stylish BMW X1
Healthy living in the heart of Ampang
Reliance Travel’s promotional contest
UK Gmail users can now send cash by e-mail
Climbers conquer El Capitan, world's largest granite monolith
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)