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. Last Updated: 07/27/2016

Kiev Seeks IMF Cash

RIGA, Latvia -- Ukraine hopes to reach an agreement next month with the International Monetary Fund on reopening its $2.6 billion loan program, Finance Minister Igor Mityukov said Sunday.

"I hope the mission that will come in mid-June will finalize all the issues," Mityukov told bankers and businessmen.

The Fund froze its extended Fund facility program to Kiev in September last year because of the slow pace of reforms.

Ukraine has just approved a privatization program for 2000, which was a key condition for continued IMF financing. But relations with IMF have soured recently over allegations that its central bank overstated its reserves figures by up to $713 million in 1997 to win $200 million in IMF loans.