News Column

IMF Says Ukraine Will Need More Money If Fighting Continues

September 2, 2014

Washington (Alliance News) - Ukraine's loan programme of nearly 17 billion dollars will be inadequate to keep the country solvent if fighting with separatists in eastern regions continues, the International Monetary Fund (IMF) says.

The Washington-based crisis lender, which issued a loan tranche of 1.4 billion dollars Friday, says that "risks loom large" despite the Ukrainian authorities generally implementing the economic reforms agreed in April.

If fighting continues beyond the next few months, the impact to Ukraine's economy and government finances would require "a new strategy including additional external financing," the IMF says in a staff report issued Tuesday.

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Source: Alliance News

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