September 14, 2018 / 7:42 AM / a year ago

Ukraine's president says country needs IMF, external borrowing

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

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.

“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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