You're reading: Financial Times: Ukrainian growth ‘better than expected,’ but no IMF money yet

Roman Olearchyk writes: Ukraine, one of the world’s economies hardest hit by the 2009 global recession, is rebounding “better than expected”, posting 4 percent economic growth last year, an International Monetary Fund official said on Feb. 15. But further talks are needed with Ukrainian officials before the IMF could approve a fresh billion-dollar aid disbursement, according to Thanos Arvanitis, the fund’s mission chief for Ukraine. Completing a two-week visit to Kyiv, Mr Arvanitis said Ukraine’s economic programme was broadly on track. But he stopped short of saying his mission would advise the IMF board to approve a third disbursement of $1.5bn from a $15.3bn loan package approved last summer. “The outcome of the negotiations is even less favorrable than we expected but does not suggest that a complete breakdown of the co-operation with the IMF program is likely,” Goldman Sachs said in a note to investors.

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