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Ukraine to receive $27B in international support over two years

  • The IMF has agreed to provide Ukraine with $14-18B as part of an economic-reform program that will enable the country to tap a total of $27B of international support over the next two years.
  • The goal of the reform is to "restore macroeconomic stability and put the country on the path of sound governance and sustainable economic growth," the IMF said. The program will focus on reforms in monetary and exchange rates, the financial sector, fiscal policies, energy, governance, transparency and the business climate.
  • The USD-UAH is flat at 11.15 Ukrainian Hryvnia, while the UX stock index is +1%. (PR)
  • ETFs: GUR, ESR
Comments (6)
  • tunaman4u2
    , contributor
    Comments (2744) | Send Message
     
    The goal is to print money not make war to expand territory.

     

    27 billion? From where?

     

    The next war will be a currency war. We are NOT fooling Russia & China.
    27 Mar, 06:44 AM Reply Like
  • Bret Jensen
    , contributor
    Comments (9858) | Send Message
     
    I wonder how much of this aid will be used to repay debt they owe to Russia as well as higher natural gas prices.....also from Russia. Putin has to be laughing his ass off on the spineless and naive leadership in the West. Hasn't been this inept since the late 70s.
    27 Mar, 06:56 AM Reply Like
  • june1234
    , contributor
    Comments (2509) | Send Message
     
    Stick to stock picking Brett. You're very good at it and I enjoy following your work. Your politics are a another matter.

     

    A Russian speaking area, mineral, gas, tourism rich Crimea,a peninsula off the UK and part of Russia till the 50's that enjoyed a special status as an autonomous entity within the UK voted to return to Russia leaving behind a political and economic basket case on life support UK whose former president is in hiding, a current pres. candidate just got out of prison and where 5 to 8 current ministers in their temp gov. are fascists, complete with a nazi style emblem for their party insignia. I just cant imagine why anyone would want to leave that "paradise".

     

    The CEO of Siemens flew from Germany to Moscow yesterday to meet with Putin highlighting the $80B in annual trade between the 2 countries.Putin is not Hitler. The USA is not France and England of 1940.No WWIII here. Markets we follow reacted accordingly, more like watching paint dry.
    27 Mar, 07:38 AM Reply Like
  • Philip Marlowe
    , contributor
    Comments (925) | Send Message
     
    Spineless? It requires no bravery on the side of a president to declare wars. American presidents do not risk their lives in wars, and the patriotism that comes with a war usually lifts the popularity of even the most inept presidents. The many terrible consequences of war are usually left for the next administration to handle.

     

    I find it far more brave for a president not to get into a stupid war.
    27 Mar, 11:19 AM Reply Like
  • june1234
    , contributor
    Comments (2509) | Send Message
     
    Russians get Russian Crimea back.Crimea gets Russia. Bankrupt dysfunctional UK gets to borrow $27B from the Euros to buy German goods ,allow EU co's to set up shop in an EU friendly economy and take advantage of a highly educated and cheap workforce the UK will provide them with. Thats the game plan in theory anyhow.

     

    Everybody happy including the UK oligarchs waiting to plunder billions of that aid money for themselves. More people probably got shot in Detroit last week than died over there in this prelude to "WWIII".
    27 Mar, 07:05 AM Reply Like
  • leopardtrader
    , contributor
    Comments (868) | Send Message
     
    Ukraine is an economic basket case. IMF should have waited for a new elected government in May. This is simply poor risk management on the part of the fund to sign agreement with a controversial ( interim) administration. How would Ukraine present govt enforce reforms when it is not really in control of the country ? Surprise will always exist !
    27 Mar, 07:20 AM Reply Like
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