The International Monetary Fund has delayed its visit to Ukraine until the country can show its capacity to meet the institution’s budgetary requirements, Ukrainian Deputy Prime Minister Serhiy Tigipko said, according to Business Week. Tigipko said. IMF is not yet confident that Ukraine can raise enough revenues to meet the fund’s budgetary requirements. Last month, Tigipko said Ukraine inked an agreement with IMF for a new credit line to replace its existing USD16.4 program that will expire this year. IMF has yet to confirm the loan, Business Week notes.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.