World bank says political crisis threatens Ukraine reform drive - official


  • World
  • Friday, 01 Apr 2016

A man drinks coffee and smokes as he stands near a currency exchange office in Kiev, Ukraine March 31, 2016. REUTERS/Gleb Garanich

KIEV (Reuters) - A political crisis in Ukraine threatens to derail a Western-backed reform drive and thwart attempts to pull its conflict-hit economy out of a two-year recession, the World Bank's country director for Ukrainesaid on Friday.

Lawmakers are under pressure to form a new coalition to end a deadlock that threatens snap parliamentary elections and has delayed disbursement of $1.7 billion (£1.19 billion) from the International Monetary Fund and other foreign loans.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Zelenskiy says new trilateral talks set for Feb 4-5 in Abu Dhabi
Iran considers EU armies as 'terrorist groups' in retaliatory move
Pakistan forces kill 145 militants after attacks in Balochistan
Tehran warns of regional conflict if US attacks Iran
US may make a deal on Cuba, Trump says
Exclusive-US special envoy for Iraq Mark Savaya no longer in the post, sources say
Australian boy killed by shark in Sydney Harbour honoured at Bondi Beach
Top US envoy for Venezuela arrives in Caracas
Judge orders release of 5-year-old, father detained in Minnesota ICE raid
Iranian, Egyptian presidents call for diplomacy to resolve regional issues

Others Also Read