Home > News > World
Tuesday March 25, 2014 MYT 9:40:02 PM
Tuesday March 25, 2014 MYT 9:40:59 PM
KIEV (Reuters) - Ukraine, its economy seriously weakened by months of political turmoil and mismanagement, is negotiating with the International Monetary Fund for a loan package of $15-20 billion, its finance minister said on Tuesday.
The minister, Oleksander Shlapak, speaking to reporters before a government meeting, said the ministry foresaw continued slowdown and stagnation in the economy with it contracting by 3 per cent in 2014.
Referring to talks now going on with the IMF, he said: "We are successfully heading towards concluding a programme. I think we shall receive (what we seek). This sum is from 15 to 20 billion dollars."
(Reporting by Pavel Polityuk; Writing By Richard Balmforth; Editing by Matt Robinson)
Pressure to arm Kiev could increase despite risks - top U.S. diplomat
Hong Kong chief urges residents to go easy on mainland hordes
Macedonia opposition airs new wire-taps, alleges election fraud
EU says it's ready for more Russia sanctions if necessary
'Jihadi John' link deepens security unease in Kuwait
Making professional accountancy cool
MPP signs exchange pact with S. Korean council
Djokovic praises Serb fans for applauding Croatia anthem
Rimba – modern artsy nature resort in Bali
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)