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. Last Updated: 07/27/2016

Ukraine Rejects Loan




KIEV -- Ukraine's leftist-dominated parliament on Tuesday failed to ratify a deal with the World Bank on providing risk guarantees for foreign creditors.


Lawmakers in the 450-seat parliament voted 167-74 to reject the five-year agreement, which the government and the World Bank signed last February, Interfax reported.


The deal would have allowed the Cabinet to provide guarantees to foreign creditors or investors to protect them from possible losses or other risks linked with political and economic instability.