IMF Agrees $17bn Loan To Ukraine:
International Monetary Fund staff endorsed a $17 billion loan to Ukraine to help the government pay its bills amid a projected economic contraction of 5 percent this year, according to government officials who have seen the recommendations. Ref. Source 5
Ukraine on Verge of Total Economic Collapse: Analysis -
Writing about men in masks fighting in eastern Ukraine sells far more advertising than covering the nation's economic activity. However it's the economy, not the Russian army that has brought Ukraine close to the brink. Ref. Source 6
EU disburses 260-million-euro loan to Ukraine:
The EU has disbursed 600 million euros (USD 768 million) under two EU MFA programs this year. Another 750 million euros (USD 960 million) remains available under the two programs, provided Ukraine shows satisfactory progress with the accompanying reforms, Ref. Source 6
Ukraine's Reserves Plunge 20% In One Month, Drop Below $10 Billion To Lowest In A Decade:
Things for Ukraine are going from bad to worse. Following the revelation that Ukraine's sovereign gold has mysteriously been Corzined, following a stunning admission by central bank governor Valeriya Gontareva on primetime TV that "In the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves" Ref. Source 6
Ukraine Needs $15 Billion to Avert Financial Collapse - Report:
The International Monetary Fund (IMF) has warned Western governments that war-weary Ukraine will need an extra $15 billion in aid over the coming weeks to avert financial collapse, the Financial Times reported. Ref. Source 2
Financial Times: IMF warns Ukraine bailout at risk of collapse:
The International Monetary Fund has identified a $15 billion shortfall in its bailout for war-torn Ukraine and warned western governments the gap will need to be filled within weeks to avoid financial collapse Ref. Source 9
Ukrainian government prepares extreme austerity measures:
According to the Prime Minister, in 2014 Ukraine "Received a total of $9 billion in financial aid from the IMF, World Bank, and other financial institutions," But overall spent $14 billion servicing its debts. "We will need $15 billion more next year," He noted. Ref. Source 1