IMF ready to help new Ukrainian government - Cincinnati News, FOX19-WXIX TV

IMF ready to help new Ukrainian government

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IMF spokesman Gerry Rice said a team from the organization will be going to Kiev in the coming days to evaluate the nation's financial situation. (Source: CNN) IMF spokesman Gerry Rice said a team from the organization will be going to Kiev in the coming days to evaluate the nation's financial situation. (Source: CNN)

WASHINGTON, DC (CNN) - Ukraine's new prime minister says a bailout deal with the International Monetary Fund is crucial to stabilizing the country's rapidly falling currency.

The finance ministry says it needs $35 billion in loans by the end of next year.

On Thursday, IMF Spokesman Gerry Rice said the organization could work with the new government in Kiev.

He also laid out the IMF's plans in regards to the Ukraine.

"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 program. We are also discussing with all our international partners - bilateral and multilateral - how best to help Ukraine at this critical moment in its history."

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