World Economy
0

IMF Loan Not Enough

IMF Loan Not EnoughIMF Loan Not Enough

The financial support promised by the International Monetary Fund (IMF) to Ukraine for restoration of the national economy won’t be enough, the country’s Finance Minister Natalie Jaresko said in an interview with the Wall Street Journal, Tass reported Tuesday. The minister said the approved loan is enough for stabilizing the banking system but not to regain economic growth. The IMF board last week approved financial assistance to Ukraine amounting to $17.5b, the first tranche amounting to $5b. Besides, according to Jaresko, Ukraine is expected to get other countries’ assistance in the amount of $7.5b.

Financialtribune.com