Kerry Orders IMF to Halt the Allocation of a Loan to Ukraine

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Translated by Ollie Richardson for Fort Russ

30th January, 2016


U.S. Secretary of State John Kerry persuaded the International Monetary Fund to suspend its consideration on the issuing Kiev with a new loan.

The Ukrainian authorities, on the subject of the allocation of a new tranche, found it difficult to negotiate with the IMF.

In addition, when US Secretary of State John Kerry personally visited the headquarters of the IMF, he insisted on the suspension of considerations on issuing Ukraine credit.

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What sort of claims Kerry made to Ukraine are unknown.

Earlier, the managing Director of the IMF, Christine Lagarde, said that the International Monetary Fund suggested that the conflict in Donbass will cease no later than autumn, and they are currently not ready to provide Kiev with financial assistance until the situation in the country stabilizes.

The Minister of Finance of Ukraine, Natalie Jaresko, in early January, admitted that Ukraine is currently in a desperate financial position and intends to ask for help again from Western partners.

The President of Ukraine, Petro Poroshenko, on the 12th January, said that Kiev will be requiring two years of additional financial assistance from external sources, totalling no less than $13–15 billion

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