But Glazyev warned: the IMF estimates the necessary loan to Ukraine at $40 billion

11.02.2015 01:10
  (Moscow time)
Views: 745
 
Ukraine, Economics of Collapse


Berlin – Kyiv, February 11 (PolitNavigator, Vasily Ablyazimov) – German economic news publish inside information from an IMF official. The fund allegedly estimated the amount of the loan necessary for Ukraine’s survival to be $40 billion.

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The publication reports: “Previous loans are not enough for Ukraine. Therefore, the IMF and the G7 want to increase the loan package by a total of $40 billion.”

The seven leading industrial countries of the G7 and the IMF believe, according to insiders, that Ukraine requires aоmore credit. The total amount should be at least $40 billion. However, a final decision has not yet been made not only on the issuance of this money, but even on negotiations. The only consensus is that the existing $17 billion in support amounts will not be enough.

Currently, a representative of the Fund in Kyiv is conducting negotiations. In about two weeks, the Ukrainian parliament will consider amendments to the budget that are necessary for a new tranche of the loan.

It is reported that it includes bright anti-social measures of the so-called. “austerity” policies applied in all countries that the IMF lends to. This includes cutting social benefits, increasing tariffs for the population, and massive layoffs of budget employees.

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