IMF says $21b loan needs overhaul if Ukraine loses eastern region
Published on May 1, 2014 11:30 PM
WASHINGTON (AFP) - The International Monetary Fund (IMF) says its just-announced US$17 billion (S$21.3 billion) rescue program for Ukraine would have to be overhauled if the country loses control of the economically important eastern region to pro-Russian separatists.
“Ukraine – and the authorities’ program – is facing unprecedented risks,” said the official program report, released on Thursday.
“Should the central government lose effective control over the east, the program will need to be re-designed.”