Ukraine's president says country needs IMF, external borrowing

Ukrainian President Petro Poroshenko speaks during a news conference in Kiev, Ukraine February 28, 2018. REUTERS/Gleb Garanich - Copyright Gleb Garanich(Reuters)

By Reuters

Published on 14/09/2018 - 10:04•Updated 26/04/2024 - 19:17

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KIEV (Reuters) - Ukraine needs cooperation with the International Monetary Fund and external borrowing due to its large debt burden, President Petro Poroshenko said on Friday.

"We could manage without external borrowing if we did not have to repay old debts," Poroshenko said in a speech at the Yalta European Strategy (YES) meeting in Kiev.