Financial Times FT.com

Ukraine parliament approves IMF package

By Roman Olearchyk in Kiev

Published: October 31 2008 22:15 | Last updated: October 31 2008 22:15

Ukraine’s parliament late on Friday adopted a package of legislation intended to secure a $16.5bn (€12.6bn, £10bn) standby loan from the International Monetary Fund.

Ukrainian officials said the IMF loan and related ”anti-crisis legislation” is key to preventing a financial meltdown, foremost by shoring up confidence in the country’s shaky banking sector.

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