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Ukraine may need up to $4.5 billion before cooperation with IMF resumes

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Ukraine would need $3-4.5 billion to tide it over until cooperation with the International Monetary Fund resumes if the financing were started in four or six months, according to Deputy Finance Minister Oleksandr Savchenko.
"What should we do before the IMF's funds arrive? According to my assessments, we need to find from $3 billion [at the best] to $4.5 billion at the worst or the equivalent in hryvnias to hold out," he said during a meeting of the financial press club organized with support of the Dzerkalo Tyzhnia newspaper.

Written by: Publisher Thursday, 11 March 2010 17:21