Exclusive - West holds off on Ukraine aid pledges, seeking reforms


  • World
  • Thursday, 26 Mar 2015

Ukrainian President Petro Poroshenko attends a news conference after a signing ceremony with Turkey's President Tayyip Erdogan in Kiev March 20, 2015. REUTERS/Gleb Garanich

BRUSSELS (Reuters) - International lenders are delaying plans to offer Ukraine billions of dollars on concerns Kiev cannot yet prove the cash will not vanish into a corrupt economy which EU officials fear could remain a "bottomless pit".

Ukrainian authorities are still preparing a much-anticipated donor conference for April 28 but EU officials told Reuters that Western governments and agencies are now expected to meet in Kiev only late in the year, giving Ukraine longer to draw up more detailed proposals for how it would spend the money efficiently.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Australian boy killed by shark in Sydney Harbour honoured at Bondi Beach
Top US envoy for Venezuela arrives in Caracas
Judge orders release of 5-year-old, father detained in Minnesota ICE raid
Iranian, Egyptian presidents call for diplomacy to resolve regional issues
Zelenskiy says Ukraine getting ready for new peace talks next week
Protesters in Copenhagen rally for Danish veterans after Trump remarks
China's Xiaomi launches smartphones in Kenyan, eyeing bigger market share
Denmark to transfer key defense tasks to Air Greenland
Burundi pledges peace efforts in Great Lakes region ahead of taking AU helm in 2026
Italy investigates church painting of angel restored to look like Meloni

Others Also Read