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IMF is not satisfied with Ukraine's energy sector reform

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IMF is not satisfied with Ukraine's energy sector reform

Unread postby Peksi017 » Tue 17 Nov 2015, 09:07:40

Here's a letter signed by managing director of IMF that actually fixes a fact: in running order Ukraine receives IMF financial aids BUT in turn ignores its part of a deal and conditions of international agreements:

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Re: IMF is not satisfied with Ukraine's energy sector reform

Unread postby steam_cannon » Tue 17 Nov 2015, 13:21:35

I think the problem is twofold:

1. You can't trust the unstable/destabilized Ukraine government with it's shaky economy to get much done or to enact harsh political/economic measures.

2. IMF = Payday Loans for countries. Hence the demand for harsh measures.

Going with point 2, if the IMF disagrees with it, my first guess is it's probably something Ukraine is doing that's good for their country. I never get the impression it's the IMF's goal to make any country a successful economy once they get their claws in.

The situation reminds me of the Greece who had last I heard had been looking into metaphorically paying payday loans with payday loans...
Greek bailout: a payday loan with serious conditions attached
The deal that Greece was being offered by its troika of creditors last week might have helped it to honour the €1.6bn (£1.1bn) repayment it is due to make to the International Monetary Fund on Tuesday, but it would leave the country’s economic crisis unresolved.

And that has been the problem ever since Greece was first bailed out in 2010 Its creditors have been unable to concede that what the country faced was not a temporary cash-flow problem – caused by the shortage of credit in global markets – but a solvency crisis: the country was bust.
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