World bank says political crisis threatens Ukraine reform drive - official


  • World
  • Friday, 01 Apr 2016

A man drinks coffee and smokes as he stands near a currency exchange office in Kiev, Ukraine March 31, 2016. REUTERS/Gleb Garanich

KIEV (Reuters) - A political crisis in Ukraine threatens to derail a Western-backed reform drive and thwart attempts to pull its conflict-hit economy out of a two-year recession, the World Bank's country director for Ukrainesaid on Friday.

Lawmakers are under pressure to form a new coalition to end a deadlock that threatens snap parliamentary elections and has delayed disbursement of $1.7 billion (£1.19 billion) from the International Monetary Fund and other foreign loans.

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

Eruption of Indonesia's Mt Ibu forces seven villages to evacuate
Saudi crown prince meets White House national security adviser
Irish business tycoon and rugby record breaker Tony O'Reilly dies at 88
Greece marks Int'l Museum Day with free admission, variety of activities
South Africa's new MK party seeks majority win in pivotal election, Zuma says
Iranian official hails "extensive" cultural cooperation with China
Venezuela opposition candidate says he will guarantee political freedom
Britain's Conservatives trail Labour by 18 points, says Opinium poll
Italian police seize 134 Fiat cars in flag dispute
Chinese proficiency competition held in Lebanese capital Beirut

Others Also Read