IMF bails out Ukraine as Tymoshenko runs for president | Bangkok Post: news

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IMF bails out Ukraine as Tymoshenko runs for president

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The IMF announced on Thursday a $14-$18 billion bailout for Ukraine that requires the crisis-hit country to pursue painful and unpopular reforms to avert bankruptcy amid its escalating standoff with Russia. 

Ukrainian protesters sing the national anthem as they hold a giant flag during a rally on Independence Square in Kiev, on March 23, 2014

The vital economic breakthrough was reached just as Ukraine's presidential campaign heated up with the announcement by opposition icon Yulia Tymoshenko that she will contest the race to see who will replace the ousted pro-Russian regime that sent her to jail.

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