WASHINGTON: The International Monetary Fund (IMF) has cut its growth forecast for Ukraine, as Russian strikes on its power infrastructure drag on the nation’s economy, and says talks with bondholders are “intensifying” as a repayment deadline nears.
That outlook came alongside the Washington-based lender’s final approval last Friday to release US$2.2bil from Ukraine’s US$15.6bil aid package, an expected step after agreeing to terms late last month.
