Ukraine in critical need of second IMF aid tranche - PM


  • World
  • Friday, 29 Aug 2014

KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk urged the International Monetary Fund on Friday to release the next tranche of a $17 billion loan and bemoaned the heavy cost of fighting a pro-Russian rebellion in the east.

Ukraine has complied with conditions for the two-year aid package, which is intended to shore up depleted foreign currency reserves and support the state budget, but the country faces risks due to the eastern conflict, the IMF has said.

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