IMF adjourns meeting on Ukraine loan

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‘Ukraine on Sunday said the International Monetary Fund has postponed a board discussion on disbursing a new $1-billion loan tranche after Kiev cut trade links with eastern regions held by pro-Russia militants.

“The IMF board of directors has postponed for a short period the review planned for Monday of the issue,” Ukraine’s finance ministry said in a statement.

There was no separate confirmation from the IMF.

Cash-starved Ukraine is desperately waiting for the next installment of a $17.5 billion rescue program that has been held up repeatedly since it was agreed in 2015 over delays by Kiev to carry out reforms.’

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