DONETSK - Politicians do not usually brandish big chunks of metal when giving speeches. Petro Poroshenko, Ukraine's president, did just that at this year's World Economic Forum in Davos. He had brought with him a bit of a bus destroyed in shelling that killed 13 civilians last week in the east of the country. Mr Poroshenko's emotional plea for more Western aid paid off. On January 21st the IMF indicated that there would be a new bail-out package for Ukraine. What many had predicted has finally come to pass: creditors will now have to shoulder some of the load.
Ukraine-European Union Relations
The Economist: Ukraine and the IMF – bigger and better
In 2014 the IMF pledged to contribute $17 billion over two years. It has disbursed about $5 billion of this. After Ukraine passed its budget on December 29th there were hopes that more money might soon be forthcoming.
