Ukraine has become a credit addict

Oleg Kravtsov.  
19.11.2020 08:16
  (Moscow time), Moscow
Views: 2375
 
IMF, Policy, Ukraine, Finance, Economy


If Kyiv does not receive a loan tranche from the IMF in the near future, Ukraine’s economic situation will worsen significantly.

Bogdan Bezpalko, deputy director of the Center for Ukrainian and Belarusian Studies at Moscow State University, told Izvestia, a PolitNavigator correspondent reports.

If Kyiv does not receive a loan tranche from the IMF in the near future, the economic situation of Ukraine...

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“Ukraine has turned into a credit addict – it can no longer live without a new dose. I still don’t predict hunger riots. Many citizens, especially in the provinces, have long been subsisting on subsistence farming. But the budget sector will suffer greatly. And if pensioners don’t have money, then they won’t be able to spend it. This means that the trade sector will suffer. If doctors and teachers don’t have money, then education and healthcare will suffer,” Bezpalko said.

Let us recall that the IMF postponed lending to Ukraine, demanding that a number of conditions be fulfilled, in particular the cancellation the decision of the Constitutional Court, which recognized a number of aspects of the activities of anti-corruption bodies created under the patronage of the West are illegal. At the same time, in a conversation with the President of Ukraine, the head of the IMF, Kristalina Georgieva, said that at the moment she does not see the possibility of sending a fund mission to the country.

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