September 14, 2018 / 7:43 AM / in a month

Ukraine's president says country needs IMF, external borrowing

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.

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

“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.

Reporting by Natalia Zinets; writing by Matthias Williams

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