The International Monetary Fund(IMF) said on Friday its executive board approved a four year $15.6 billion loan program for Ukraine, which is part of a global $115 billion package to support the country's economy as it battles Russia's 13-month old invasion. If approved, it will be the first time in 80 years the IMF loans to country at war. This move is obviously politically motivated. Buy also, the humanitarian need on the ground is quite severe. The loan itself is actually for 2 1/2 years, but will unfold in two stages. The first is a year to year and a half will be devoted to building, fiscal, external, price and financial stability. Basically, they'll focus on something called revenue mobilization. Before that Ukraine must meet certain conditions over the next two years, including steps to boost tax revenue, maintain exchange rate stability, preserve central bank independence and strengthen anti-corruption efforts, because some news has been coming out of Ukraine a...
My blog focuses on current affairs, international relations, geopolitics, and global issues. I provide in-depth analysis, insights, and opinions on the latest developments and events shaping the world we live in. Stay informed and gain a better understanding of the complexities of our globalized world. For more updates follow Telegram:https://t.me/theunbiasedperspective