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Ukraine’s Crisis is Deeper—and Loans by Its Allies More Critical—Than You May Think

Kyiv Lacks the Money to Accomplish the Aggressive Reforms that Ukrainians and the West Seek
The uncertainty around how much—and how soon—Ukraine might get help from international lenders is contributing to two real economic dangers facing the country: a default on its debts and a radical slashing of the budget. Ukraine’s friends—the United States and European governments—need to do a better job, along with the International Monetary Fund (IMF), of finding resources for loans to avoid these pitfalls. …read more

Source: Atlantic Council

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