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

Zelenskiy, European leaders to convene in London amid US peace push
Nigeria police probe suspected organ-harvesting ring after grisly discovery
Seven EU leaders urge action on Ukraine reparations loans proposal
French socialist party to vote social security budget's bill
A year after Assad's fall, families of missing detainees languish without answers
Russian drone strike on Ukraine's Sumy injures at least seven, governor says
Indonesia says more than $3 billion in recovery funds required after Sumatra floods
Factbox-How do Cambodia and Thailand's militaries compare?
Syria marks one year since Assad toppled
Thailand launches airstrikes at Cambodia as border tensions reignite

Others Also Read