Ukraine set for $16.5bn IMF loan, Strauss-Kahn pledges billions everywhere

by SOLARLIFE | October 26, 2008 at 11:50 am

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The Bush policy for a new conflict with Russia. Preparing NATO membership of Ukraine will end in nowhere. The $17bn loan?, donation is lost in a not functioning economy.

The International Monetary Fund (IMF) is to offer a $16.5bn (£10.4bn) loan to Ukraine to help it "maintain confidence and economic and financial stability".
The country has been badly shaken by the global credit crunch, with stock markets and the Ukrainian currency tumbling and banks needing propping up.
Internal political turmoil has also delayed economic development.
The loan depends on Ukraine being able to balance its budget and make reforms to its banking sector.
Currency plunge
Last week the IMF said it was to give Iceland a £2.1bn loan as its banking system came close to collapse.
Hungary, Pakistan and Belarus are also in talks about accessing IMF funding.