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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close higher on Powell's upbeat remarks
Canada's oil sands hub threatened by wildfire, sparking large evacuations
Ukraine pulls back in two areas of Kharkiv region, warns of buildup near Sumy region
U.S. crude oil inventories down last week: API
Urgent: 2 Lebanese killed in Israeli drone strike: media
Georgian parliament passes 'foreign agent' bill, prompting US anger, new protests
U.S. tariff hikes on China's clean energy goods impede decarbonization: expert
U.S. stocks close higher
Canadian town threatened by wildfire likely to avoid direct hit
Red Cross opens field hospital in Rafah

Others Also Read