US Should Use Its ‘Bigger Role’ in IMF to Assist Ukraine Economically

© REUTERS / Kim Kyung-HoonVisitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo.
Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo in this October 10, 2012 file photo. - Sputnik International
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The United States should use its influence at the International Monetary Fund (IMF) to continue economically assisting Ukraine, US Senate Ukraine Caucus Chairman Rob Portman told Sputnik.

WASHINGTON (Sputnik), Leandra Bernstein — On December 8, the IMF Board of Directors voted for reforming its lending policies, allowing countries to continue borrowing money even if they default on bilateral obligations to creditors.

"I do think we ought to be helping Ukraine at a difficult time, some of that is us [the United States] directly, some of that is through the IMF where we play a bigger role," Portman said on Thursday.

He added that the United States should play a "continued role in supporting Ukraine economically."

The reform allows the IMF to continue Ukraine's $40 billion bailout program even after a potential default by Kiev on its $3 billion Eurobond debt to Russia.

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