Ukraine might receive no IMF support this year.
Monday, August 29, 2022

Ukraine might receive no IMF support this year.

According to analysts, Ukraine may run out of money from the International Monetary Fund this year due to the operating principles of the organization’s work, writes Bloomberg. The prospect of receiving money from the IMF is very unclear because there is an institutional principle according to which countries that borrow money from the fund must have a clear way of repaying the debt. Ukraine cannot do this because Russia has occupied part of Ukraine, and factories and ports have been destroyed. However, there is an assumption that Ukraine may become an exception to the rule. Therefore, the IMF will have to decide whether to help Ukraine by either breaking or changing its rules. To receive money from IMF, the Ukrainian government must present a sustainable debt program, a standard requirement for assistance from the lender of last resort.

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