Friday, 30 April 2010

The IMF are Coming

An IMF mission will visit Ukraine next month for talks on a new credit programme, according to the Kyiv Post.

Deputy Prime Minister Sergey Tigipko said Ukraine was seeking a $19 billion programme though he said the IMF had not given a firm answer on this.

I’ll give a firm prediction and I reckon its a resounding "Nyet” pal.

The IMF suspended a $16.4 billion bailout programme last year because the previous Ukrainian leadership failed on pledges of financial restraint.

If I was the IMF I would be looking for greater assurances than merely a change of Government.

We should know the outcome sometime in June, I'll keep you "Kyiv" posted.