Friday, December 11, 2009

Ukaraine appeals for emergency loan

Ukraine wants $2bn loan from IMF

"The country has received $11bn of a $16.4bn IMF loan. The rest of the money was suspended by the IMF after it said Ukraine needed to implement economic reforms before it would hand over any more. Ukraine says it desperately needs the money. It has hinted that if it does not get extra funds soon, the consequences could be serious. At risk could be its ability to pay salaries, foreign debt and, crucially for its neighbours, its gas bill - notoriously supplied by Gazprom."

Posted by burt @ 06:26 PM (779 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>