You're reading: Business New Europe: Ukraine seeks IMF programme extension

Struggling to prop up its battered economy, Ukraine is hoping to gain an 12-month extension of its stalled $16.5bn 2010 stand-by loan agreement with the International Monetary Fund, which ends this month. 

According to Iryna Akimova, deputy chief of staff of President Viktor Yanukovych, a delegation including Economy Minister Petro Poroshenko, Finance Minister Yuriy Kolobov and National Bank of Ukraine (NBU) head Sergey Arbuzov left for Tokyo on October 10 to meet IMF officials, reports Kommersant. 

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