IMF halts financing Ukraine till the end of presidential race

IMF Chief Dominique Strauss-Kahn said to Reuters that the fund was unlikely to continue cooperation with Ukraine until after the Jan. 17 election for president. Ministry of Finance of Ukraine supposedly plans to sell SDR 800 mln out of SDR 1,309 bn that it has already received from the fund in order to finance the budget deficit. NBU representatives assure that the currency exchange rate of Hryvnia will be stable at least by the end of the year.