IMF Says Ukraine Fails to Meet Conditions of the April 30th 2014 $17 Billion Loan<\/b><\/p>\n
Eric Zuesse<\/span><\/p>\n The IMF has concluded<\/span><\/a> that it was too optimistic when loaning Ukraine $17 billion at the end of April<\/span><\/a>, and that the Ukrainian Government\u2019s economic condition is far worse than the IMF expected, and also that the Government\u2019s anti-corruption program is too weak to justify the planned loan-installments or \u201ctranches\u201d going to Ukraine. Therefore, \u201ceven providing the program of the next two tranches is open to question.\u201d<\/span><\/p>\n However, this only confirms an earlier assessment, made public on October 28, about which Reuters headlined at the time, \u201cUkraine unlikely to receive IMF loan tranche this year: finance minister.\u201d<\/span><\/a> And this was already \u201cafter warning in September that if Ukraine’s conflict with the separatists runs into next year, the country may need as much as $19 billion in extra aid.\u201d Ukraine has made clear that it will continue the war, and so the additional $19 billion will also need to be paid to Ukraine in order for its war against the \u201cseparatists\u201d to continue.<\/span><\/p>\n This rejection comes as a severe disappointment to the Ukrainian Government, whose central bank chief said on November 16th<\/span><\/a>, “I am still optimistic about us being able to do it [to receive the third tranche] this year.\u201d Clearly, that expectation won\u2019t be able to be met.<\/span><\/p>\n So, since Ukraine is nonetheless now gearing up, with American taxpayers\u2019 money, to replace its weapons-supply that was used-up or destroyed in the war to-date, and also to build an immense new military graveyard for a planned 250,000 corpses of Ukrainian soldiers<\/span><\/a> in the next and future rounds of invasions against the rebelling region in Ukraine\u2019s (former) southeast, the IMF is basically quitting continued financing of that\u00a0<\/span>ethnic-cleansing campaign against the residents in that region<\/a>. The EU has already quit funding it<\/span><\/a>, other than a token half-billion-euro donation delivered on December 10th<\/span><\/a>. Only the U.S. remains committed to funding it, by donating whatever weapons and military guidance are deemed necessary in order to conquer, and\/or to expel, the pro-Russian residents in Ukraine\u2019s former southeast. 98% of the U.S. House voted for it, and so did 100% of the U.S. Senate. At least 67% of the U.S. public are against it<\/span><\/a>.<\/p>\n ———-<\/span><\/p>\n Investigative historian Eric Zuesse is the author, most recently, of They\u2019re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010<\/i><\/span><\/a>,<\/i> and of \u00a0<\/i>CHRIST\u2019S VENTRILOQUISTS: The Event that Created Christianity<\/i><\/span><\/a>.<\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" IMF Says Ukraine Fails to Meet Conditions of the April 30th 2014 $17 Billion Loan Eric Zuesse The IMF has concluded that it was too optimistic when loaning Ukraine $17 billion at the end of April, and that the Ukrainian Government\u2019s economic condition is far worse than the IMF expected, and also that the Government\u2019s […]<\/p>\n","protected":false},"author":1254,"featured_media":142628,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[461,1622],"tags":[115,32,96,679,535,59,524,523,49,76,40],"class_list":{"0":"post-142671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-editorials","8":"category-featured","9":"tag-barack-obama","10":"tag-cia","11":"tag-cover-up","12":"tag-genocide","13":"tag-global-news","14":"tag-military","15":"tag-russia","16":"tag-ukraine","17":"tag-usa-news","18":"tag-warfare","19":"tag-white-house"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/142671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1254"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=142671"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/142671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/142628"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=142671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=142671"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=142671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}