The price Kiev must pay for IMF rescue: tackling vested interests

March 13, 2015 4:02 PM

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The price Kiev must pay for IMF rescue: tackling vested interests

KIEV (Reuters) - With the first billions of dollars foreign aid in its pocket, Ukraine's government can now stay afloat long enough to embark on its radical reform drive, but the hard part is only just beginning.

Ukraine received the first $5 billion on Friday of $17.5 billion in aid promised by the International Monetary Fund. But to receive the rest, it must implement reforms that mean taking on vested interests including pensioners, public sector workers and some of the country's most powerful oligarchs.

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