IMF

IMF Postpones Third Review of Ukrainian Loan Program – Finance Ministry
The executive board of the International Monetary Fund (IMF) has delayed the third review of its loan program to Ukraine, the Ukrainian Finance Ministry said Sunday. Earlier in March, IMF Communications Department Director Gerry Rice said the fund's directors planned to meet on March 20 to make the final decision on providing [...]
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World Bank Complains Kiev is Incapable of Effectively Spending Allocated Money
All of Ukraine's major creditors, from the World Bank to the European Bank for Reconstruction & Development, the European Investment Bank, and Germany's KfW Development Bank, are concerned about Kiev's inability to successfully absorb the funds that have been allocated to the country, a World Bank official working in Ukraine [...]
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IMF’s Prescription for Europe: Exploit Refugees with Low Wages
The International Monetary Fund (IMF) on Wednesday released a report urging the European countries accepting a majority of refugees to "temporarily" pay them less than minimum wage. In its report, the IMF recommended implementing a short-term differentiation between asylum seekers and EU [...]
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Reality Peeks Through in Ukraine | Consortiumnews
With corruption rampant and living standards falling, Ukraine may become the next failed state that “benefited” from a neoconservative-driven “regime change,” though the blame will always be placed elsewhere – in this case, on the demonized Russian President Putin, writes Robert Parry. Nearly two years since U.S. of [...]
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The IMF Joins the New Cold War
On Tuesday, the IMF joined the New Cold War. It has been lending money to Ukraine despite the Fund’s rules blocking it from lending to countries with no visible chance of paying (the “No More Argentinas” rule from 2001). With IMF head Christine Lagarde made the last IMF loan to Ukraine in the spring, she expressed the hope [...]
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