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West dumping Kiev? IMF further delays Ukraine bailout

West dumping Kiev? IMF further delays Ukraine bailout

IMF Managing Director Christine Lagarde said that without substantial anti-corruption and reform efforts from officials in Kiev, a resumption of funding could be difficult.

The International Monetary Fund on Thursday said it had not yet decided to resume a bailout of war-torn Ukraine, which the crisis lender halted over corruption concerns last year.

A spokesman for the Fund had earlier this month held out the possibility of a resumption by the end of July.

Since last August, Ukraine has received no new IMF disbursements from a USD 17.5 billion bailout package approved in April last year.

“We expect that Ukraine would be taken up by the executive board sometime when the board reconvenes. Possibly in August or September,” IMF spokesman William Murray told a news conference.
Source: West dumping Kiev? IMF further delays Ukraine bailout

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