WASHINGTON, March 4 - Ukraine would be able to borrow more money in the midst of its current crisis if U.S. lawmakers sign off on a measure to increase the International Monetary Fund's financial power, Reuters reported Tuesday, citing U.S. officials.
The IMF legislation would double the fund's resources and give countries in crisis, such as Ukraine, access to a bigger pool of potential aid.
"The fund's central role in supporting economic reforms and catalyzing financial assistance for Ukraine underscores again why the IMF is critical for our national security interests," a U.S. Treasury official said.
|