IMF Gives Ukraine a Short Leash

IMF Gives Ukraine a Short Leash

As Ukrainian Finance Minister Natalie Jaresko travels to Washington, New York and London to try to persuade her country's creditors to take a haircut, she comes with a math problem. The restructuring that Ukraine and the International Monetary Fund have agreed to doesn't really add up. Ukraine can't save $15.3 billion over the next four years unless its creditors forgive some of the principal they're owed -- yet none of them may be ready to do that.

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