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Two years since the Maidan revolution, the Ukrainian economy has begun to turn a corner (Photo: Marco Fieber)

West shows $1bn of faith in Ukraine

The International Monetary Fund (IMF) has shown faith in Ukraine’s reform efforts by disbursing new money. A new ceasefire deal has also given fresh hope of peace.

The IMF on Wednesday (14 September) in Washington voted to unblock $1 billion in macro-financial assistance, coming on top of $6.7 billion in previous payments under a $17.5 billion bailout programme.

Its decision, after a 13-month delay due largely to concerns on corruption, also frees the US to guarantee $1 billion ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Two years since the Maidan revolution, the Ukrainian economy has begun to turn a corner (Photo: Marco Fieber)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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