The International Monetary Fund has put off a bailout for Ukraine because it is worried the country’s president won’t recoup billions of dollars allegedly looted from banks—including one once controlled by a close supporter—according to people familiar with the negotiations.
The IMF told President Volodymyr Zelensky he must aggressively pursue the missing money to deliver on his vow to clean up a financial system sapped by fraud, money laundering and theft.
