VOA: IMF Threatens to Cut Ukraine Aid Over Corruption
The head of the International Monetary Fund said Wednesday that Ukraine could lose a $17.5 billion bailout unless it speeds up political reforms and curbs corruption.
"Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program can continue and be successful," Christine Lagarde, the Washington-based lender's managing director, said in a strongly worded statement.
The crisis has been boiling since the sudden resignation last week of Ukraine's reformist economy minister, Aivaras Abromavicius, to protest alleged influence-peddling and state graft.
Read more ....
More News On The IMF Warning Ukraine To Tackle Corruption Or Risk Losing Its $40 Billion Bailout
Ukraine's huge bailout is at risk -- CNN
Lagarde Says Ukraine Must Reform or Risk IMF Program Failing -- Bloomberg
Lagarde warns Ukraine to make a greater effort on reform -- Financial Times
Lagarde Warns Ukraine On Cash For Reform Deal -- SKY News
IMF warns it may halt cooperation with Ukraine -- Kyiv Post
IMF chief calls for an end to corruption in Ukraine, threatens to halt bailout -- Ukraine Today
Update: LOL .... Ukraine has promised that it will pursue reforms, and the IMF is happy with that promise .... IMF secures reform commitment from Ukraine after bailout warning (Reuters). You can kiss this $40 billion (or what's left of it) goodbye.