IMF approves loan tranche for Ukraine, warns of risks


  • World
  • Saturday, 30 Aug 2014

WASHINGTON (Reuters) - The International Monetary Fund signed off on its first review of Ukraine's $17 billion loan programme on Friday, but warned risks loomed ahead as long as Kiev continued to fight a pro-Russian separatist rebellion in the east.

The IMF board's approval confirms Ukraine is on track so far with most of the bailout's conditions, and allows the disbursement of $1.7 billion the former Soviet bloc country needs to shore up its depleted foreign currency reserves and support the state budget.

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