Ukraine asks International Monetary Fund for new financial rescue program as economy worsens

January 21, 2015 4:30 PM

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DAVOS, Switzerland – The head of the International Monetary Fund says Ukrainian President Petro Poroshenko has asked for a new program of financial rescue loans.

Christine Lagarde met Poroshenko on Wednesday on the sidelines of an economic forum in Davos, Switzerland, and said in a statement that the Ukrainian leader had sought to replace the country's current $17 billion bailout package with a new one. Ukraine's economy and public finances have been devasta...

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