IMF delays more aid to Ukraine to assess cost of blockade

by Dramelin 8:30 AM 0 comments

"Updated macroeconomic forecasts are to be provided to the IMF," the central bank said in a statement on Sunday.
The central bank has previously said economic growth could nearly halve this year to 1.
5 percent if cargo traffic did not resume.
KIEV The International Monetary Fund has postponed a decision to disburse more aid to Ukraine in order to assess the impact of an economic blockade Kiev imposed on separatist-held territory, the IMF and Ukrainian authorities said on Sunday.
But Ukraine and the IMF must first assess the fallout from a decision last week by President Petro Poroshenko to suspend all cargo traffic with rebel-held territory, the finance ministry and central bank said.
Russia has called on Ukraine to end the blockade, saying the situation risked turning into a "humanitarian catastrophe".