KIEV: The International Monetary Fund (IMF) announced on Thursday (Friday in Manila) a $14-billion to $18-billion bailout for Ukraine that requires the crisis-hit country to pursue painful and unpopular reforms to avert bankruptcy amid its escalating standoff with Russia.
The vital economic breakthrough was reached just as Ukraine’s presidential campaign heated up with the announcement by opposition icon Yulia Tymoshenko that she will contest the race to see who will replace the ousted pro-Russian regime that sent her to jail.
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