You're reading: Bloomberg: Devaluation edges Ukraine closer to IMF aid amid Merkel visit

Ukraine, whose economy has been battered by a war against pro-Russian rebels, is moving closer to winning desperately needed financial support from abroad. The country devalued its currency by 33 percent on Feb. 5, a move that earned praise from the International Monetary Fund amid talks for a bailout and boosted optimism among bond investors

Read the story here.