An International Monetary Fund bailout for Ukraine underestimates the banking sector’s needs and is unrealistic about government expenditure on security and defense, according to Andrei Kirilenko, a Professor at the Massachusetts Institute of Technology. Ukraine has secured a $40 billion bailout from the IMF and other creditors. The agreement, which spans four years and includes $17.5 billion from the Fund, “can represent a turning point for Ukraine,” said IMF Managing Director Christine Lagarde. Kirilenko, a Professor of the Practice of Finance at MIT’s Sloan School of Management, said the package is not designed to “stimulate sustainable economic growth,” but …read more
Source: Atlantic Council