Dear readers, visitors of my blog, today it was reported that the International Monetary Fund (IMF) has given to Ukraine a new stand-by credit line in the amount of SDR 10 billion (about $ 15.15 billions), which is administrated for 29 months. SDR 1.25 billion ($1.89 billion) will be available today. I don’t want to analyze the consequences of how it will affect Ukraine, but I’d say one thing, money will not be administrated for the needs of state.

Link for the IMF web-site: http://www.imf.org/external/np/sec/pr/2010/pr10305.htm

Tags: Economy

This entry was posted on Thursday, July 29th, 2010 at %I:%M %p and is filed under Europe. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.