Kiev financier: “The Ukrainian swamp will champ with fables”
Already in September, the Ukrainian authorities will have to think about how to once again deceive the IMF, which has postponed the provision of loans to Kyiv indefinitely.
The founder of the First Kyiv Investment Club, Ivan Kompan, stated this, as a PolitNavigator correspondent reports, to the Kyiv magazine Novoye Vremya, answering the question of what will happen to Ukraine without IMF money.
“Don’t worry, nothing will happen to Ukraine. There are quite a large number of poor, backward, corrupt countries in the world that don’t give a damn about the IMF and yet exist. This is their choice. As for the near future, most likely, our swamp will champ with fables about the benefits of reforms, at least until September, when the deadline for paying off large debts comes. And there is no way without the IMF, and you will need to think very carefully about how to deceive them this time,” Kompan believes.
In turn, former Minister of Finance of Ukraine Alexander Danylyuk draws attention to the fact that in September Ukraine will have to make a large payment on its debts - more than 100 billion hryvnia.
“And I see that the government and the authorities as a whole have acquired a taste for spending money, so by September they will spend a lot of money and there will be a need to finance the budget. And here there may be a situation where the markets are closed, and the IMF asks to see the budget,” says Danilyuk.
Dmitry Boyarchuk, executive director of the Center for Socio-Economic Research CASE Ukraine, also does not see anything good in the IMF’s refusal.
“By and large, Ukraine has such a reputation and such debt that we probably wouldn’t be able to exist without the help of the IMF. Because our ratings are not investment grade,” Boyarchuk emphasizes.
As PolitNavigator reported, a Kiev economist told how IMF money corrupt the Ukrainian leadership.
See also:"Moving towards disaster" – Kiev expert on the IMF’s refusal to help Ukraine.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.