A Reuters study going back to 1994 shows Ukraine has drawn less than half the IMF funds it could have received
A Reuters study going back to 1994 shows Ukraine has drawn less than half the IMF funds it could have received, with commitment to change weakening when economic indicators improve. With Ukraine’s five year, $17.5 billion IMF program to expire in March, Ukraine has drawn only half of the money. The problem, Reuters reports, is Ukraine’s transactional approach to the programs, which end up foundering, often over household gas prices. In the article, also posted in The New York Times, Hlib Vyshlinsky, executive director of Kyiv’s Centre for Economic Strategy think-tank, says: “An opposite example is Turkey, which from 2001 to 2011 fully implemented several IMF programs, and where real GDP grew by 75 percent during this time.