Wednesday, August 1, 2018

Ukraine goes back to the future as IMF program stutters

KIEV, Aug 1 (Reuters) - Ukraine's backsliding on reforms continues a national tradition: a Reuters study of data since 1994 shows it has drawn less than half the IMF funds it could have received, with commitment to change often weakening when economic indicators improve.
Time is running out for Kiev to secure more aid from the International Monetary Fund before the current $17.5 billion program expires in March, ringing alarm bells about Ukraine's ability to service its growing debt.
No money has been received from the Fund since April 2017 and the pace of reforms has slowed in the past year.

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