Ukraine requests fresh IMF bailout loan

Author (Person)
Series Title
Series Details 30.11.12
Publication Date 30/11/2012
Content Type

Ukraine, with its economy sliding into recession and budget deficit widening, has appealed to the International Monetary Fund on the 30 November 2012 to initiate negotiations on a fresh, multibillion-dollar bailout loan programme.

After contracting 15% during the 2009 global recession, billions of dollars in IMF loans helped stabilise Ukraine’s economy. But a $15bn bailout programme was frozen in 2011 amid lacklustre reform efforts.

Related Links
ESO: Background information: IMF approves $15bn loan to Ukraine http://www.europeansources.info/record/imf-approves-15bn-loan-to-ukraine/
http://www.imf.org/external/country/UKR/index.htm http://www.imf.org/external/country/UKR/index.htm
IMF: Press Release, 27.11.12: Ukraine: Staff Report for the 2012 Article IV Consultation http://www.imf.org/external/pubs/cat/longres.aspx?sk=40118.0

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