IMF approves $15bn loan to Ukraine

Author (Person)
Series Title
Series Details 30.7.10
Publication Date 30/07/2010
Content Type

The International Monetary Fund on the 28 July 2010 approved a $15bn loan agreement for Ukraine, a country which was hit hard by the 2008-9 global recession.

Kiev won IMF backing by adopting tough austerity measures and taking action against economically unsustainable utility subsidies, starting with a 50% rise in household natural gas tariffs.

Related Links
ESO: Background information: Ukraine raises gas prices to unlock IMF loan http://www.europeansources.info/record/ukraine-raises-gas-prices-to-unlock-imf-loan/
IMF: Ukraine and the IMF http://www.imf.org/external/country/UKR/index.htm
IMF: Press Release, 29.7.10: IMF Executive Board Approves US$15.15 Billion Stand-By Arrangement for Ukraine http://www.imf.org/external/np/sec/pr/2010/pr10305.htm

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