U.S. Treasury’s Lew urges Ukraine to turn to IMF: Reuters

YEREVAN, February 20. /ARKA/. The Ukraine’s fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday.

“At the core they have an economic crisis and they are going to need to deal with it,” Lew told a conference hosted by the World Affairs Council.

“And the mechanism that’s best for Ukraine to deal with it would be to come to the IMF and have a package where they put in place economic reforms where they get the support that they need in exchange for the steps to fix their economy,” Lew said. –0–

spot_img

POPULAR

Learn while playing: Idram, IDBank, and Novosti-Armenia launch a series of financial literacy games

From now on, a special quiz for children will be published monthly as part of the new "Games" section on the Newsarmenia.am website.

Unibank Launches Biometric Identification in UNIMobile App

Unibank has announced the launch of biometric identification in its UNIMobile mobile application.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 21, 2026, fell by 0.01 points compared to May 20, to 367.86 drams.

VTB (Armenia) Improves Terms for Real Estate-Secured Loans

VTB (Armenia) has updated the terms of its consumer loans secured by real estate, making the product more accessible and flexible for retail clients. Under the updated offer, clients can apply for a loan of up to 30 million drams, using residential or commercial real estate as collateral within the country.

Inflation in Armenia rose in April amid tensions due to the Middle East conflict and in supply chains – WB

Inflation in Armenia continued to rise in April amid tensions due to the Middle East conflict and in supply chains, according to the World Bank's "Armenia Monthly Economic Update – May 2026."

LATEST NEWS

spot_imgspot_imgspot_img