September 14, 2018 / 7:44 AM / 6 days ago

Ukraine's president says country needs IMF, external borrowing

KIEV (Reuters) - Ukraine needs cooperation with the International Monetary Fund and external borrowing due to its large debt burden, President Petro Poroshenko said on Friday.

FILE PHOTO: Ukrainian President Petro Poroshenko poses ahead of a meeting with European Council President Donald Tusk in Brussels, Belgium July 9, 2018. REUTERS/Francois Lenoir /File Photo

“We could manage without external borrowing if we did not have to repay old debts,” Poroshenko said in a speech at the Yalta European Strategy (YES) meeting in Kiev.

Reporting by Natalia Zinets; writing by Matthias Williams

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