Ukraine to Gain EBRD Aid Only With IMF Cooperation

The European Bank for Reconstruction and Development will provide assistance to Ukraine's financial sector depending "on whether there is an agreement" between Ukraine and the International Monetary Fund, EBRD President Thomas Mirow told

. "We are ready to invest more than 1 billion euros (USD1.27 billion) in Ukraine's financial system and real economy if there is an agreement with the IMF." EBRD earlier announced that it was willing to invest EUR500 million in some 20 Ukrainian banks.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.