Saturday, November 16, 2019

Cooperation with IMF causes Ukraine trouble

According to Alexander Okhrimenko, president of the Ukrainian Analytical Center, cooperation with the International Monetary Fund (IMF) causes Ukraine nothing but trouble. At present, Kiev does not need money, particularly IMF loans, because it settles debts by some means or other.

The pieces of advice that the IMF gives to Kiev, without taking account of the realities of Ukrainian society, are often misleading, devastating. In fact, the fund recommended increasing prices of utilities. As a result, the Ukraine's household debt rose to 50 billion grivnas.

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