Ukraine’s government is on a borrowing spree that threatens to stifle future growth,

Friday, August 6, 2021

Serhiy Verlanov, former head of the State Tax Service, warns in a scathing critique in the SeekingAlpha financial site. “Ukraine’s debt shot up 18% over the past 25 months, an unprecedented increase, to fuel the government’s populist policies without undertaking serious economic reforms,” he writes, referring to the first two years of the Zelenskiy government.

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“By stalling economic reforms and refusing to fight corruption, the government has replaced cheap IMF loans at rates of about 1% with commercial loans at rates of 6.875% or higher,

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