Ukraine Begs for More Money
The IMF foolishly agreed to give Ukraine a four-year $40 billion bailout on March 12. Already, Ukraine’s Finance Minister Begs for More Money.
Natalie Jaresko told the Financial Times in an interview that a four-year, $40bn, IMF-led bailout finalised this month — including restructuring $15bn of debt — was enough to stabilise the financial and banking system. But that was a “first step”. Continue reading