Tuesday, February 10, 2009

IMF may 'deny' Ukraine loan

IMF may 'deny' Ukraine loan

Man counts his cash in Ukraine
The Ukraine is facing tough economic problems

The head of President Yushchenko's economic office has said Ukraine could miss out on the second part of an International Monetary Fund (IMF) loan.

Roman Zhukovsky said the IMF has demanded the Ukraine reduce its budget deficit to 1% of GDP in 2009, from the current forecast at 3%.

In November Ukraine received $4.5bn (

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