Bloomberg: IMF Weighs Ukraine Aid Package Worth Up to $16 Billion
The International Monetary Fund is exploring a multiyear aid package for Ukraine worth as much as $16 billion to help cover the country’s needs and provide a catalyst for more international funding while Kyiv tries to repel Russian forces, according to people familiar with the matter.
Whether the program is implemented hinges on a range of conditions, including endorsement from Group of Seven nations, and Ukraine’s donors and creditors ensuring the sustainability of the country’s debt, said the people.
The plan would also require changes to IMF lending rules so the fund could lend to the war-torn country, and the government in Kyiv would need to commit to a series of policies, on top of successfully completing a four-month non-cash IMF program approved last year, according to the people, who asked not to be identified because they’re not authorized to discuss the issues publicly.
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WNU Editor: I have already lost count on how much Ukraine will owe international creditors when this war is over.
3 comments:
Ukraines a black hole of corruption. If half this money is going where intended I'd be shocked.
Ukraine won’t exist soon enough. That’s what happens when you sell your soul and country to the devil
What do IMF investors get in return for this donation? It certainly won't be paid.
"If the plan doesn’t get the support from enough IMF member countries, the fund could back Ukraine with a $1.3 billion Rapid Financing Instrument program, according to two of the people."
I would expect the $1.3 billion package to be much more likely than what the compromised heads of these institutions would want to give. Digging deeper into the article, it outlines all the extra conditions and fundamental IMF rule changes that need to happen before this can come into fruition.
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