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IMF ready to start aid negotiations with Ukraine
14.03.2014 10:12 "Agro Perspectiva" (Kyiv) —
The International Monetary Fund said Thursday it was ready to launch aid negotiations with Ukraine. «The IMF fact-finding mission working in Kiev since March 4 has made good progress in assessing the situation,» IMF managing director Christine Lagarde said in a statement, Voice of Russia reports referring to AFP.
«Following an informal briefing today of the IMFs Executive Board, management has asked the team to stay in Kiev and begin a process of negotiation,» Lagarde admitted.
The team is discussing conditions for a Europe and US-backed rescue loan with the Ukrainian authorities, as tensions mount over Russias military incursion into Crimea.
Lagarde said the IMF team would work with the authorities to develop a reform program «that will result in sound economic governance and sustainable growth, while protecting the vulnerable in society.»
The mission plans to wrap up its work by March 21, she said.
Officials of the new Ukraine government have said they need at least $15 billion, which could include contributions from Europe, to stabilize and restructure their finances, left in shambles by the ousted government of Viktor Yanukovych.
Lagarde met on Wednesday with Ukraines interim prime minister, Arseniy Yatsenyuk, in Washington.
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