United States, International Monetary Fund offer help to battered Ukraine economy
Fears that Ukraine's debtladen economy is facing default have sparked panic on markets, with bond yields rising sharply and the hryvnia currency losing a tenth of its value in the span of a few weeks.
The United States and the International Monetary Fund have offered to help Ukraine in rebuilding its battered economy following devastating protests that have plunged the country into its worst crisis since independence.
Fears that Ukraine's debtladen economy is facing default have sparked panic on markets, with bond yields rising sharply and the hryvnia currency losing a tenth of its value in the span of a few weeks.
US Treasury Secretary Jacob Lew said he held talks with Russian Finance Minister Anton Siluanov at the G20 meeting in Sydney after the Ukraine parliament voted on Saturday to oust President Viktor Yanukovych.
"The United States, working with other countries, stands ready to assist Ukraine with its efforts to return to a path of democracy, stability and growth," Lew told a press conference.
If the Ukrainian authorities were to ask for IMF support ... we stand ready
"We hope that the resolution of the violence in Ukraine will lead to a new inclusive multiparty, technocratic government willing to make the economic reforms needed.
"The IMF remains in the best position to help states like Ukraine deal with their economic challenges," Lew said.