Finance

“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,

Friday, August 6, 2021

” continues Verlanov, who was fired by Zelenskiy in April 2020. “The developments illustrate the government’s shortsighted debt management approach that has become the hallmark of Ukraine’s incoherent economic policies over the past 18 months.”

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“Although governments around the world resorted to increased borrowing to fight the pandemic and stimulate economic growth, most of their borrowing has come at near-zero interest rates,

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

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