IMF offers Ukraine $15bn stability grant

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Series Details 5.7.10
Publication Date 05/07/2010
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Ukraine received a big boost from the International Monetary Fund when the organisation agreed July 2010 to grant the country $14.9bn to stabilise its recession-battered economy.

The 'preliminary co-operation agreement' will also bolster the position of Viktor Yanukovich, Ukraine’s Moscow-friendly president. But final approval of the aid package hinges on his government’s willingness to press ahead with unpopular economic reforms, some of which have to be adopted before the IMF board met later in July 2010.

Related Links
ESO: Background information: Russian bank hands $2bn loan to Ukraine http://www.europeansources.info/record/russian-bank-hands-2bn-loan-to-ukraine/
IMF: Ukraine and the IMF http://www.imf.org/external/country/UKR/index.htm

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