IMF board says would give Ukraine less money next time
WASHINGTON, Dec 19 (Reuters) - The International Monetary Fund's board said Ukraine should get less money in any future program with the fund, compared to the $15 billion it got in 2010, according to a statement released on Thursday.
The board, which discussed Ukraine's economy and its lapsed IMF program on Monday, also said the Ukrainian government in the future should be required to implement more economic reforms before it gets any IMF money.
The board discussion took place a day before Kiev, desperate for cash to cover a big external funding gap, received a $15 billion bailout from Russia. The IMF had declined to give Ukraine more money until the government agreed to tough economic reforms, including reducing energy subsidies.
(Reporting by Anna Yukhananov; Editing by David Gregorio)