Published:December 21, 2016 10:15 am
On Monday, the government declared the countrys largest lender insolvent and took it under state control, part of an IMF-backed crackdown on lenders with shaky balance sheets. (Source: File)
Ukraines parliament approved a budget for 2017 on Wednesday, raising its chance of securing more aid from the International Monetary Fund under a $17.5 billion loan package. The approved document keeps the budget deficit at 3 percent of gross domestic product in line with the IMF programmes requirements.
MPs had intended to pass the budget weeks ago and delays in approving it have already held up the potential disbur…
Read the full article at: http://indianexpress.com/article/world/ukrainian-mps-pass-2017-budget-to-boost-imf-aid-hopes-4438242/