- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Ukraine expects loans from World Bank to stabilize finances - vice-premier

© Sputnik / Mikhail Kutuzov / Go to the mediabankUkraine expects loans from World Bank to stabilize finances - vice-premier
Ukraine expects loans from World Bank to stabilize finances - vice-premier  - Sputnik International
Subscribe
Ukraine expects to receive loans from the World Bank to cut its budget deficit and stabilize finances, Ukrainian Deputy Prime Minister Sergei Tigipko told the BBC Ukrainian Service on Sunday.

Ukraine expects to receive loans from the World Bank to cut its budget deficit and stabilize finances, Ukrainian Deputy Prime Minister Sergei Tigipko told the BBC Ukrainian Service on Sunday.

Head of the Ukrainian presidential administration Irina Akimova earlier said Ukraine's budget deficit could be 6% of GDP in 2010 and drop to 3.5-4% of GDP in 2011.

Tigipko said Ukraine expected to receive loans from the World Bank after the ex-Soviet republic resumed its cooperation with the International Monetary Fund (IMF) suspended over the unstable political situation in the country.

In 2008, the IMF granted a $16.4-billion loan to Ukraine, of which the government has so far received over $11 billion. Further payments were frozen in late 2009 over the uncertain political situation in Ukraine and the government's failure to follow the IMF's recommendations.

KIEV, June 20 (RIA Novosti)

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала