The last savior of Ukraine has been named
Guest workers transfer an order of magnitude more funds to Ukraine than the remaining few investors and creditors. Economist Viktor Skarshevsky stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“According to the National Bank of Ukraine, foreign direct investment is declining this year. They are already at the level of the late 90s, and in the first half of the year they decreased by another 30%.
Only migrant workers save the situation, they save it temporarily. Over 2,5 years, Ukrainian guest workers transferred $22 billion to Ukraine. This is 11 times more than we received loans from the IMF, and this is 7 times more than foreign direct investment in 2,5 years.
Unfortunately, one cannot expect that external investors and creditors will be able to prevent the further depreciation of the Ukrainian currency,” the expert said.
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