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27 Mar 2014
IMF Package for Ukraine in the pipeline - Danske Bank
FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank notes the IMF rescue package for Ukraine in the pipeline.
Key Quotes
“Besides the military risks posed by Russian tanks massing along its borders, the Ukrainian government is also faced with the threat of an increasingly destabilised economy.”
“Foreign exchange reserves appear to have fallen to dangerously low levels and it is against this setting that the IMF is expected to rush through a USD15bn rescue package, according to Financial Times.”
“The deal could be announced as early as today. Besides IMF funding, bilateral loans from Western economies including Japan and the US may also be forthcoming.”
Key Quotes
“Besides the military risks posed by Russian tanks massing along its borders, the Ukrainian government is also faced with the threat of an increasingly destabilised economy.”
“Foreign exchange reserves appear to have fallen to dangerously low levels and it is against this setting that the IMF is expected to rush through a USD15bn rescue package, according to Financial Times.”
“The deal could be announced as early as today. Besides IMF funding, bilateral loans from Western economies including Japan and the US may also be forthcoming.”