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IMF could release new funds to Ukraine at end of July

Stalls are seen at an outdoor market in Donetsk on October 10, 2014The International Monetary Fund signaled Thursday it could release $1.7 billion in bailout funds next week to Ukraine as the country reels from civil war and seeks private-sector debt relief. The IMF executive board is tentatively scheduled to meet on July 31 to decide on the second disbursement of the country’s four-year support package, said Fund spokesman Gerry Rice. Approval of the payout is “possible provided our usual conditions are met,” Rice said at a regularly scheduled news conference.

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