World Economy

Ukraine Pleads for Cash

Ukraine Pleads for CashUkraine Pleads for Cash

Ukrainian leaders are pleading for cash to rebuild an economy battered by a year of war, but said drawing investors to a country where shells are still booming is a struggle, Radio Free Europe reported. “Getting foreign investors to come to a country that has a war with a nuclear-powered state is a very complicated task,” Prime Minister Arseniy Yatsenyuk told an investor conference in Kyiv on April 28. The International Monetary Fund (IMF) is providing Ukraine with $17.5 billion in loans over four years. But it estimates the country needs $40 billion to avoid financial collapse, and much of the gap must be filled by private investors.