IMF okays $2.8 billion loan installment
KIEV, May 10 - The International Monetary Fund on Friday approved disbursement of a $2.8 billion loan installment to Ukraine, easing fears that the country may default on its foreign debt obligations this year.
The IMF also signaled Ukraine may qualify for an additional $3 billion after June 15 if the government sticks to “prudent” fiscal policies and makes progress on bank restructuring and recapitalization. |