IMF’s Lagarde: ‘Very Close’ to Agreement on Ukraine Bailout

The International Monetary Fund is “very close” to an agreement to bail out Ukraine’s war-damaged economy, Managing Director Christine Lagarde said.

Lagarde, speaking to reporters in Brussels after Wednesday’s meeting of European finance ministers, didn’t elaborate and said she’ll give further details at a press conference at 9 a.m. Thursday in the Belgian capital. Ukraine’s Prime Minister Arseniy Yatsenyuk and U.S. Treasury officials have also indicated that agreement on an international bailout may be close.

The former Soviet republic of more than 40 million people is struggling to stabilize its economy after almost a year of conflict with pro-Russian separatists. Talks in Minsk between the leaders of Ukraine, Russia, Germany and France on a cease-fire to end the fighting extended into the early hours of Thursday.

Bloomberg

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.