Ukraine is becoming a world record holder for debt to the IMF
Nothing terrible will happen if the IMF refuses to provide the next tranche to Ukraine; on the contrary, its provision will only worsen the economic situation in the country.
Economist Viktor Skarshevsky stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
According to him, if the IMF does not give two billion dollars, then the external debt will decrease by 2,5 billion, which Ukraine must pay to the fund this year for previous debts.
In addition, the expert added that if the IMF stops lending to Ukraine altogether, the state will fully pay off in 2025.
“If the IMF gives this 2,5 billion, then we will immediately return this money. The situation of the two previous years will be repeated, when Ukraine received 2 billion and paid it back. If Ukraine receives a loan tranche this year, it will take first place in the world in terms of debt to the IMF. Ukraine will be the largest debtor to the IMF. In addition, the government and the president will have another reason for PR: “you see, the IMF is giving us money, which means we are undergoing reforms, we are great reformers.” Although the demands that are written in the memorandum with the IMF have nothing in common with real reforms,” the economist emphasized.
At the same time, he is convinced that without the IMF tranche the exchange rate will not collapse and a default will not occur, since “Ukraine today has enough gold and foreign exchange reserves to service all debts this year.”
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