22:00 27/10/2008

KIEV, October 27 (RIA Novosti) - Ukraine will receive over $20 billion in foreign loans by the end of 2008 to stabilize its economy amid the global financial crisis, the country's National Bank said Monday.

"There is a firm conviction that by the end of the year, Ukraine will receive financing that will considerably exceed $20 billion," the Unian agency quoted Petro Poroshenko, chairman of the National Bank Council, as saying.

International Monetary Fund Managing Director Dominique Strauss-Kahn said on Monday the fund would provide a $16.5 billion emergency loan to Ukraine. An agreement has yet to be signed.

Poroshenko also said the European Bank of Reconstruction and Development could make contributions.

Ukraine's stocks, banks and currency have been badly hit by the global credit crunch.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/world/20081027/117979102.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/world/20081027/117979102.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Ukraine 'to get over $20 bln in foreign loans by yearend'</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">22:00</span> <span style="color:#5590bf; padding-right:7px;">27/10/2008</span> <span style="font-size:12px;">Ukraine will receive over $20 billion in foreign loans by the end of 2008 to stabilize its economy amid the global financial crisis, the country's National Bank said Monday. <a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/world/20081027/117979102.html" title="Ukraine 'to get over $20 bln in foreign loans by yearend'">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Ukraine 'to get over $20 bln in foreign loans by yearend'

22:00 27/10/2008 Ukraine will receive over $20 billion in foreign loans by the end of 2008 to stabilize its economy amid the global financial crisis, the country's National Bank said Monday. >>

Other news of the day