IMF to extend Ukraine $14-18 billion

The International Monetary Fund (IMF) has reached a working-level agreement with the Ukrainian leadership on opening a two-year credit of between $14 billion and $18 billion, the IMF said in a press release.

The International Monetary Fund (IMF) has reached a working-level agreement with the Ukrainian leadership on opening a two-year credit of between $14 billion and $18 billion, the IMF said in a press release.

The IMF's mission in Ukraine lasted between March 4 and March 25.

The IMF's program includes providing international financial assistance to Ukraine in the amount of up to $27 billion over the next two years, the IMF said.

The agreements are awaiting approval by the IMF's governing bodies. The fund's executive committee will reach a decision on the issue in April.

Crimean leaders blame Kiev for selling Ukraine off for IMF loans>>>

Crimea's deputy prime minister, Olga Kovitidi, described as predatory the terms of an agreement Kiev is ready to accept from the International Monetary Fund.

IMF is ready to provide assistance to Ukraine>>>

Following consultations with the Ukrainian prime ministers and representatives of the economic bloc of the Ukrainian government in Kiev on March 6-7, the International Monetary Fund stated its readiness to provide assistance to the people of Ukraine and support the economic program of the Cabinet of Ministers, the IMF said in a press release.

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