IMF threatens to cut Ukraine aid over corruption

The International Monetary Fund threatened to cut crucial financial aid to cash-strapped Ukraine Wednesday because of the country's "slow progress" in fighting corruption. "Without a substantial new effort to invigorate governance reforms and fight corruption, it is hard to see how the IMF-supported program can continue and be successful," Christine Lagarde, the IMF managing director, said in a strongly worded statement. Lagarde's comments followed the shock resignation one week ago of Ukraine's