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tomm · 10 februari 2016, 17:42

De laatste hulplijn dat het regime in Kiev van de ondergang bespaart, dreigt weg te vallen, het IMF is de leugens beu.

http://www.kyivpost.com/article/cont...ne-407784.html

In a blunt statement issued on Feb. 10, Christine Lagarde, the maaging director of the International Monetary Fund, has urged Ukraine’s leadership to “act now to put the country back on a promising path of reform."

“I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking,” Lagarde said in the statement.

The statement comes a week after reform-minded Economy Minister Aivaras Abromavicius announced his resignation, at the same time accusing a lawmaker and close friend and business partner of President Petro Poroskeno of blocking reforms and promoting his proxies to key government positions.

Meanwhile, the political instability is worsening Ukraine’s financial situation and putting additional pressure on the exchange rate of the national currency, the hryvnia The bond markets have reacted to the political turbulence as well.

Lagarde’s statement is not a surprise, as the IMF’s patience is wearing thin, according to Douglas Rediker, a visiting fellow at Peterson Institute for International Economics in Washington, D.C., and a former member of the executive board of the International Monetary Fund representing the United States (2009-2012).

“The fund is increasingly aware of the shortfalls on corruption and other measures and the recent resignation of the minister of economy and his pointed allegations were not a surprise to the fund, but clearly pushed them further into a corner in which fund rules, in spite of remaining goodwill, are being sorely tested,” Rediker said.

He said Ukraine’s fiscal and budget reforms are moving in the right direction now, but “the anti-corruption and some other structural reforms are seen as having stalled, or worse.”

Cooperation with the IMF is crucial for Ukraine, amid Russia's war, as the nation has no alternative sources of financing. The foreign borrowing markets are effectively closed to it, while relations with its former partner Moscow are at a historic low.

“In this case, Ukraine's choices are far more stark," Rediker said. "Play ball, or risk being left unable to pay bills, having alienated the world's lender of last resort. I think this is a dramatic moment for the people of Ukraine.”

Het einde komt in zicht...

10 februari 2016, 17:42	#87
tomm Secretaris-Generaal VN Geregistreerd: 4 juli 2003 Locatie: Nederland Berichten: 41.141	De laatste hulplijn dat het regime in Kiev van de ondergang bespaart, dreigt weg te vallen, het IMF is de leugens beu. http://www.kyivpost.com/article/cont...ne-407784.html In a blunt statement issued on Feb. 10, Christine Lagarde, the maaging director of the International Monetary Fund, has urged Ukraine’s leadership to “act now to put the country back on a promising path of reform." “I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking,” Lagarde said in the statement. The statement comes a week after reform-minded Economy Minister Aivaras Abromavicius announced his resignation, at the same time accusing a lawmaker and close friend and business partner of President Petro Poroskeno of blocking reforms and promoting his proxies to key government positions. Meanwhile, the political instability is worsening Ukraine’s financial situation and putting additional pressure on the exchange rate of the national currency, the hryvnia The bond markets have reacted to the political turbulence as well. Lagarde’s statement is not a surprise, as the IMF’s patience is wearing thin, according to Douglas Rediker, a visiting fellow at Peterson Institute for International Economics in Washington, D.C., and a former member of the executive board of the International Monetary Fund representing the United States (2009-2012). “The fund is increasingly aware of the shortfalls on corruption and other measures and the recent resignation of the minister of economy and his pointed allegations were not a surprise to the fund, but clearly pushed them further into a corner in which fund rules, in spite of remaining goodwill, are being sorely tested,” Rediker said. He said Ukraine’s fiscal and budget reforms are moving in the right direction now, but “the anti-corruption and some other structural reforms are seen as having stalled, or worse.” Cooperation with the IMF is crucial for Ukraine, amid Russia's war, as the nation has no alternative sources of financing. The foreign borrowing markets are effectively closed to it, while relations with its former partner Moscow are at a historic low. “In this case, Ukraine's choices are far more stark," Rediker said. "Play ball, or risk being left unable to pay bills, having alienated the world's lender of last resort. I think this is a dramatic moment for the people of Ukraine.” Het einde komt in zicht...