Ukraine parliament approves IMF package

Ukraine’s parliament adopted a package of legislation on the 31 October 2008 intended to secure a €12.6bn standby loan from the International Monetary Fund. Ukrainian officials said the IMF loan and related 'anti-crisis legislation' is key to preventing a financial meltdown, foremost by shoring up confidence in the country’s shaky banking sector.

ESO: Background information: Ukraine may borrow up to $15bn from IMF http://www.europeansources.info/record/ukraine-may-borrow-up-to-15bn-from-imf/

IMF: Ukraine and the IMF http://www.imf.org/external/country/UKR/index.htm

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