Ukraine Still Has Plenty to Do to Satisfy Its $17.5 Billion Bailout
- Deputy head Lipton says more actions needed to boost economy
- Bailout has suffered repeated delays as commitment questioned
David Lipton
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
This week’s visit by the International Monetary Fund’s second-in-command has shone the spotlight on how much Ukraine still has to do under its $17.5 billion bailout.
First Deputy Managing Director David Lipton ended a two-day trip to Kiev Thursday after meeting with central bank and top government officials to discuss progress on meeting the Washington-based lender’s terms for the next aid disbursement. Ukraine must take further action to switch to rapid growth from economic stabilization, Lipton told Prime Minister Volodymyr Hroisman a day earlier.