The IMF advises Ukraine to shrink and other countries to stimulate development
The IMF advises developed countries to stimulate the monetary economy and finance infrastructure projects, but Ukraine does the exact opposite.
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Ukrainian economic expert Viktor Skarshevsky announced this at a press conference in Kyiv.
“Europe needs the European Central Bank to continue its program to support the economy. Europe needs the right fiscal policy that would support economic growth, as well as a more ambitious infrastructure policy that would lead to increased investment and, as a result, increase supply and demand,” the expert quoted a statement by IMF First Deputy Managing Director David Lipton addressed to the EU.
“Ukraine is advised to do exactly the opposite: so-called fiscal consolidation, spending cuts, no tax breaks, which is written in the draft of the new memorandum, no infrastructure projects, because budget expenses need to be reduced. That is, the IMF has double standards. In relation to Ukraine it is not at all the same as in relation to Europe,” summed up Skarshevsky.
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