Ukraine unlikely to receive IMF loan tranche this year - finance minister


  • World
  • Tuesday, 28 Oct 2014

KIEV (Reuters) - Ukraine is unlikely to receive a second tranche of a $17-billion (10.5 billion pounds) loan programme from the International Monetary Fund this year as expected, Finance Minister Oleksander Shlapak said on Tuesday, in the latest economic blow to the debt-ridden country.

Ukraine, which has been fighting pro-Russian separatists in its east and struggling to resolve a months-long gas pricing dispute with Moscow, badly needs cash to support its budget, pay off debts and prop up its faltering hryvnia currency.

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