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Christine Lagarde, managing director of the International Monetary Fund (IMF), has said it will send a team to Kiev to begin discussion with the Ukrainian authorities in light of a request for assistance from the country. Speaking in Washington, US, she said:

    The Ukrainian authorities informed me today of their request for support from the IMF. We are ready to respond and, in the coming days, will send an IMF fact-finding team to Kiev to undertake a preliminary dialogue with the authorities. This will enable the IMF to make its usual technical, independent assessment of the economic situation in Ukraine and, at the same time, begin to discuss with the authorities the policy reforms that could form the basis of a fund-supported programme. We are also discussing with all our international partners -bilateral and multilateral-how best to help Ukraine at this critical moment in its history. In that regard, we are encouraged by the many statements of support that have been expressed.

Ukraine's new finance minister Oleksander Shlapak said today that the country would be asking the IMF for "at least $15bn".

Ahh Legarde is so fussy...it's going to take time and they need money next week (maybe while they are still in power;) at least in Kiev)...All those reforms need to be discussed in Parliament (I suppose) even if IMF comes with written laws in hands...too much fass. Not to mention that Ukrainians need to cheer austerity that they bring. Fascist are also waiting to see what part of that money will they get and need to be happy with a sum...We'll see how it's going to go...

Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Thu Feb 27th, 2014 at 09:53:00 AM EST

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