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IMF Sees Ukraine Coming Close to Renewal of Rescue Package

admin — Thu, 19 Mar 2009 18:56:04 +0000

The IMF’s representative in Ukraine, Max Alier, has said that the country is edging closer to a renewal of the $16US.4-billion loan deal which was first struck in November 2008. The original deal was halted as the IMF withheld payment of the second tranche on 15 February, citing an unrealistic fiscal budget plan for 2009 and persistent ten Read more ...

EU summit to focus on economic slump, stimulus measure

admin — Thu, 19 Mar 2009 18:54:20 +0000

European Union leaders will gather for a two-day summit in Brussels on Thursday which will focus on the global economic slump, aid to non-eurozone states and energy issues.

The 27 countries are due to hammer out a common position on the issues ahead of a Group of 20 summit on April 2 in London, where major economies are expected to focus Read more ...

EU’s Barroso Urges Ukraine Leaders To Cooperate On IMF Loans

admin — Thu, 19 Mar 2009 18:52:05 +0000

European Commission chief Jose Manuel Barroso urged Ukraine’s feuding leaders on Wednesday to overcome their differences in order to secure vital IMF loans.

“The duty of all responsible politicians is to work together for the common good of (their) country,” Barroso told journalists after meeting with Ukrainian President Read more ...