IMF mission OKs 14.9 billion dollar loan for Ukraine

15:49, July 04, 2010      

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The International Monetary Fund (IMF) mission to Ukraine will recommend lending 14.9 billion U.S. dollars in a deal to help fill the country's budget gap and boost investor confidence, Ukrainian media reported on Saturday.

"Our board would review the program at the end of July after Ukraine makes agreed adjustments to its budget and financial sector," the IMF said in a statement quoted by the Interfax- Ukraine news agency.

"If approved, the program would last two and a half years," added the statement.

It came a day after U.S. Secretary of State Hillary Clinton said the United States hoped Ukraine would win the deal.

Ukraine is among the countries hit hardest by the global financial crisis, with its economy shrank 15 percent last year -- the biggest drop since the industrial collapse that followed the break-up of the Soviet Union in 1991.

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(Editor:燕勐)

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