The FINANCIAL — The International Monetary Fund (IMF) will decide in the next few days on whether it should continue cooperation with Ukraine, the country's president Viktor Yanukovych said, according to RIA Novosti.
Ukraine's economy is currently struggling to recover from recession and the country's new leader needs the IMF loan to support economic growth.
Yanukovych said he recently exchange views on economic situation in Ukraine with an envoy of IMF Managing Director Dominique Strauss-Kahn, and asked them to make decisions as soon as possible.
"I think that a decision will be voiced soon, much earlier than by the end of this month," the Ukrainian president said on Sunday evening in an interview with the Inter TV channel.
In 2008, the IMF granted a $16.4-billion loan to Ukraine, of which the government has so far received over $11 billion. Further payments were frozen in late 2009 after Ukraine raised minimum wages and pensions contrary to IMF recommendations.