In Ukraine

Reuters, Sept 14, 2016

The International Monetary Fund said its board has approved a long-awaited loan disbursement of about $1 billion to Ukraine after a review of the country’s bailout program.

The IMF said the board approved waivers for Ukraine’s non-observance of performance criteria related to net international reserves, external payments arrears and new exchange restrictions. [End article.]

Related news:
Go to this report on New Cold War.org for the full story of the IMF disbursement to Ukraine on Sept 14, 2016.

For the full story of the original $17.5 billion loan promised by the IMF to Ukraine in March 2015, go to this report. From that report:

In return for the IMF funds, Ukraine has embarked on tough economic reforms, which include cutting pensions, raising the retirement age, trimming the state budget, and getting rid of wasteful gas subsidies. Slashing subsidies will be painful for households, who could see their heating bills more than triple. The government is also taking steps to prevent tax fraud and corruption…

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