IMF Looking to Help Ukraine

The International Monetary Fund is likely to send a technical support team to Ukraine soon in order to assist Kiev after its president was toppled by violent street protests over the weekend, IMF chief Christine Lagarde said on Tuesday.

“We will probably shortly send some technical assistance support to the country,” Lagarde, the IMF’s managing director, said during an appearance at Stanford University in California. “Because this is our duty to a member if that member asks for that.

Ukraine’s parliament does not plan to vote on the formation of a government until Feb. 27, and the IMF’s rules do not allow it to offer financial support to a country that has not asked for it.

Economic Times

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.