IMF Ready to Help Ukraine

World | February 23, 2014, Sunday // 10:19| Views: | Comments: 0
Bulgaria: IMF Ready to Help Ukraine IMF Chief Christine Lagarde. Photo by EPA/BGNES

The International Monetary Fund (IMF) is ready to provide financial assistance to Ukraine.

The IMF's Chief Christine Lagarde said during a G20 meeting in Sydney, that if Ukraine applied for financial and economic help, the Fund would be ready to provide it.

Despite moving towards a policy of economic sanctions, the European Union has also suggested on various occasions that it is willing to assist Ukraine, should a reform-minded cabinet be formed.

The former Soviet republic is in a deep financial crisis and high in foreign debt. The recent violent events in the capital Kiev have added to the fears of default, as Standard & Poor's downgraded the country's financial rating earlier this week.

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Tags: Ukraine, IMF, debt
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