Menu
Home

World

Ukraine on a good path for IMF bailout deal, economic reforms, Poland's FM says

Poland's foreign minister says Ukraine is close to reaching a bailout deal with the International Monetary Fund because its new leaders have the "determination" to carry out necessary financial reforms.

Foreign Minister Radek Sikorski spoke to The Associated Press after talking with Ukraine's leaders on a one-day trip Wednesday to Kiev and Odessa.

Kiev, which recently signed political association agreement with the European Union, is negotiating a major loan of up to $20 billion from the IMF under the condition that the new government reforms the country's inefficient, corruption-ridden economy.

Sikorski said it will require "political courage" to explain to Ukrainians — both lawmakers and the people — the true state of the country's dire finances.