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)
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