US economy

Ukraine's president says country needs IMF, external borrowing


© Reuters. Ukrainian President Poroshenko attends a news conference in Kiev

KIEV (Reuters) – Ukraine needs cooperation with the International Monetary Fund and external borrowing due to its large debt burden, President Petro Poroshenko said on Friday.

“We could manage without external borrowing if we did not have to repay old debts,” Poroshenko said in a speech at the Yalta European Strategy (YES) meeting in Kiev.

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