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)
South Korea, China warn Japan not to backtrack on apology over wartime past
Merkel congratulates Tsipras, hopes for closer ties with Greece
Exclusive - AirAsia probe vets possible computer glitch, crew response
Economist Varoufakis says to become new Greek finance minister on Tuesday
In parting shot, Obama prods India on religious freedom
Plenty of great fun and adventure pursuits in Adelaide
Perak hopes to draw more visitors from Medan and Japan this year
Head for the Hills: 'Hollywood' sign tourists spell trouble for locals
Africa solidly behind Blatter, officials say
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)