A mission from the International Monetary Fund (IMF) visited Ukraine November 3-17. The Ukrainian government had hoped that it would decide to give Ukraine another tranche of its four-year $17.5 billion loan package of March 2015, of which Ukraine has received $7.7 billion, but the answer was a resounding no.The IMF is normally very diplomatic in its statements, but its language this time is uncommonly clear: “While good progress has been made, the authorities need some more time to implement policies to ensure medium-term fiscal sustainability—including adoption of the 2017 budget consistent with program targets—safeguard financial stability, and tackle corruption. …read more
Source: Atlantic Council
