The International Monetary Fund has said it may cut its financial assistance to Ukraine if the country stray off the track from the fund's regulations, the Financial Times reports. IMF's announcement came after Ukraine's President Viktor Yushchenko signed into law several pension increases despite the fund's warnings against the action.
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About the author
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.
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