China backs aid for Ukraine, worried by IMF funding capacity


  • World
  • Sunday, 13 Apr 2014

WASHINGTON (Reuters) - China said on Saturday it backed IMF financial support for Ukraine, but expressed concern about the global lender's funding capacity given the failure of the U.S. Congress to ratify a program of reforms for the institution.

Chinese Vice Finance Minister Zhu Guangyao told a small group of Western journalists on the sidelines of the IMF-World Bank spring meetings in Washington it was a "worry" that more than 85 percent of IMF lending was currently focused on Europe.

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