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The IMF in Ukraine

A team from the International Monetary Fund is expected to arrive tomorrow in Ukraine to discuss a plan for economic assistance to the country’s new authorities requested his support. The mission, is expected to remain in Ukraine until March 14, so they will assess their current financial situation and discuss reforms that could form the basis of a program assistance, the IMF notes in a statement. Meanwhile, the financial experts of the European Commission arrived in Kiev today, said Pia Arenkilnte representative of the European Commission but to clarify the purpose and duration of the deployment.

IMF

IMF

No state member will not move without an assessment of the financial needs of Ukraine from the IMF, explained a European source. As soon as he took office on Thursday transitional Prime Minister of Ukraine formally requested IMF assistance, noting that the state coffers are empty. Initially the new authorities in Kiev were told they needed a total 35 billions over the next two years, and then announced that they expect only 15 billions from the IMF this year.

Ukraine_flag_map

Ukraine_flag_map

This is not the first time that Ukraine asks IMF assistance. In July 2010 the Fund had given a loan of 15.3 billions in Kiev, which then takes in early 2011 as the Ukrainian authorities refused to implement reforms demanded in return.

By Nicole P.

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