IMF says Ukraine on track with conditions of loan programme


  • World
  • Thursday, 28 Aug 2014

WASHINGTON (Reuters) - Ukrainian authorities have complied with all the conditions of their $17 billion International Monetary Fund loan so far, an IMF spokesman said on Thursday, suggesting the country was on track to receive its next disbursement under the programme.

Ukraine, which is fighting a pro-Russian separatist rebellion in the east, received $3.2 billion (1.9 billion pounds) in May as the first tranche of the two-year aid package from the IMF intended to shore up depleted foreign currency reserves and support the state budget.

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