PM: Ukraine hopes for aid soon, crucial to fulfill IMF conditions

Photo: PM: Ukraine hopes for aid soon, crucial to fulfill IMF conditions / Other News

Ukraine hopes to begin receiving international financial aid soon and is determined to fulfill conditions needed to secure support from the International Monetary Fund (IMF), Prime Minister Arseny Yatseniuk said on Friday, Reuters reported.

An IMF mission is due in Kiev next week for talks with Ukraine's new leaders, who have said the heavily indebted country needs at least $35 billion to stave off the bankruptcy.

Yatseniuk told reporters that "clear steps" to provide Ukraine with financial aid are now being prepared. He said he hoped infusions of aid would begin in the "near future" and said the government would call on the central bank to begin a large-sale lending programme once the situation is stabilised.

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