The price Kiev must pay for IMF rescue: tackling vested interests


  • World
  • Saturday, 14 Mar 2015

Ukraine's Prime Minister Arseny Yatseniuk reports on the work done during the first 100 days of his cabinet in Kiev, March 12, 2015. REUTERS/Valentyn Ogirenko

KIEV (Reuters) - With the first billions of dollars foreign aid in its pocket, Ukraine's government can now stay afloat long enough to embark on its radical reform drive, but the hard part is only just beginning.

Ukraine received the first $5 billion (3.4 billion pounds) on Friday of $17.5 billion in aid promised by the International Monetary Fund. But to receive the rest, it must implement reforms that mean taking on vested interests including pensioners, public sector workers and some of the country's most powerful oligarchs.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

4 trampled to death by wild elephant in India's Assam
Hong Kong Shanghai TV Week kicks off
Police fire tear gas to disperse Benin wage protest
Macron visit to Germany in May to focus on EU ties
Russia steps up offensive on east Ukraine village, Kyiv says its forces holding out
German chancellor shows support for debt brake reform in the future
Socialist supporters call on Spanish prime minister to stay
Germany needs an economic turnaround, says finance minister Lindner
U.S. intelligence believes Putin probably didn't order Navalny to be killed - WSJ
South Korea to consult Naver, after report firm faces Japan pressure to divest stake

Others Also Read