Timothy Ash writes

Timothy Ash writes: “Good news. It shows the Ukrainian side woke up and smelled the roses. I cannot imagine that the IMF would have agreed to visit Kyiv, again, without pretty clear assurances from the Ukrainian side over a willingness to move on the key issues of gas price hikes and further fiscal consolidation… Hopefully this sees $1.9 billion in IMF monies disbursed by late September/early October, perhaps doubling then with other official [EU, World Bank] financing in the offing.”