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)
EU team to visit Ukraine to examine financial needs
Ukraine needs $4 billion in immediate help - EU diplomat
U.S. in early talks with EU on Ukraine financial support-State Dept
EU ready with 'substantial' financial aid to Ukraine
EU examining immediate and long-term aid for Ukraine
Baghdad red tape puts Iraq Internet under Kurdish control
Iran parliament ends standoff with Rouhani, approves higher ed minister
WTO postpones trade deal by a day after last-minute objection
Exclusive - Libya's rival oil minister wants to attend OPEC meeting
Hong Kong riot police clear protest site, arrest student leaders
Romania's next president sees power shift within weeks
Showcase of Asean talents
Spotify turns up volume as losses fall
Hafiz down Soon Huat in Kopiko Purple League
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)