logo

Ukraine crisis could have \\\'severe\\\' impact: IMF

Monday, 12 May 2014


International Monetary Fund chief Christine Lagarde warned in a German newspaper interview Monday that the Ukraine crisis could have "severe" economic consequences for other countries.
Lagarde also told the Handelsblatt business daily that a 17-billion-dollar aid package granted to Ukraine by the IMF would not be enough.
"The crisis in Ukraine is a danger which is very difficult to gauge (and) whose contagion risk for other countries can barely be predicted," she said. "All the same, it can have severe economic consequences."
Lagarde will meet German Chancellor Angela Merkel in Berlin on Tuesday for annual talks, alongside the heads of the OECD, World Bank, World Trade Organisation and International Labour Organisation, on the global economic situation, according to AFP.