IMF rule change keeps Ukraine support; Russia complains


  • World
  • Wednesday, 09 Dec 2015

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - The International Monetary Fund will change its lending rules to allow it to keep supporting countries if they fail to repay official creditors, a move that would help Ukraine if it misses payments on a $3 billion (£2 billion) debt to Russia.

Russia's finance minister immediately criticized the decision.

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 mixed
Italy bans NGO planes from using airports close to migrant routes
Crude futures settle lower
U.S. dollar ticks up
China's Guangxi holds culture, tourism promotion event in Vienna
Death toll from strikes on eastern Congo camps rises to 18
African experts highlight soil degradation, climate impacts on crop yields
Ethiopia earns 835 mln USD from coffee export in 9 months
Brazil floods death toll rises to 90, dozens still stranded
Floods death toll in Kenya rises to 238 as heavy rains continue

Others Also Read