IMF: Ukraine May Need Bigger Bailout

Ukraine may need as much as $19 billion in additional funds from donors if its conflict with pro-Russian separatists continues during 2015, the International Monetary Fund warned on Tuesday.

Even under Kiev’s current $17 billion IMF bailout, the Fund said Ukraine will not be able to meet all of its targets due to the ongoing fighting and an intensified gas dispute with Russia, which supplies the bulk of Ukraine’s natural gas needs.

Nevertheless, it said the money planned under the program is largely sufficient for now as long as the fighting between the government in Kiev and the rebels in the eastern part of the country subsides in the “coming months.”

Reuters

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