KIEV, October 27 (RIA Novosti) - Ukraine will receive over $20 billion in foreign loans by the end of 2008 to stabilize its economy amid the global financial crisis, the country's National Bank said Monday.
"There is a firm conviction that by the end of the year, Ukraine will receive financing that will considerably exceed $20 billion," the Unian agency quoted Petro Poroshenko, chairman of the National Bank Council, as saying.
International Monetary Fund Managing Director Dominique Strauss-Kahn said on Monday the fund would provide a $16.5 billion emergency loan to Ukraine. An agreement has yet to be signed.
Poroshenko also said the European Bank of Reconstruction and Development could make contributions.
Ukraine's stocks, banks and currency have been badly hit by the global credit crunch.
