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| IMF to loan Ukraine 13 billion euros to fight financial crisis |
| 2008-10-28 |
| (SomaliNet) In an effort to help the effects of the financial crisis, Ukraine is to receive a loan of approximately 13 billion euros from the International Monetary Fund. Dominique Strauss-Kahn, the head of the fund, says the money is needed to preserve confidence in the Ukrainian economy and to maintain the country's economic stability. However, the loan does not come without conditions. Ukraine must balance its budget and reform its banking sector. Ukraine is the second European country to receive financial help from the IMF. On Friday, Iceland was granted a loan of approximately 1.5 billion euros. |
| Posted by:Fred |
| #1 Dear Dominique Strauss-Kahn, Stop this I say! Consider the effect on the Ukrainian mail order bride business. Posted from mom's basement. |
| Posted by: Dogsbody 2008-10-28 01:01 |