IMF Mission arrives in Ukraine.

By bne IntelliNews May 22, 2012
A mission of the International Monetary Fund (IMF) led by Chris Jarvis has arrived in Ukraine, the IMF Resident Representatives Office in Ukraine said. The IMF said the mission is visiting until May 28. As we reported in November 2011 the mission of the IMF decided to take a break in the negotiations with Ukraine's authorities. The IMF still insists on higher gas prices for the population, as the mission regards this a key condition for further cooperation. In October 2011, the International Monetary Fund demanded that the government of Ukraine raise gas prices by 32% for the population and by 56% for communal heating companies. President Viktor Yanukovych of Ukraine rules out higher gas prices for the population in exchange for a loan from the IMF.

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