The IMF Executive Board (IMF) has formally adopted a two-year ‘financial assistance’ program to Ukraine worth 17,000 million.
With this decision, the IMF and the western powers have given the green light to begin acquiring the country’s assets in a number of steps and through compliance to certain globalist banking rules that are pre-established by the world’s central bank. Initially, the IMF will disburse $3,190 million to Kiev, of which $2.000 billion will be added to the official budget in an attempt to “support and stabilize” the ailing Ukrainian economy.
The IMF also noted that the second and third tranches of the financial assistance package will be made following its own reviews which will be carried out every two months. Those reviews will look for the dutiful implementation of so-called reforms demanded by the international financial institution.
Ukraine will follow the same path used by Greece and Cyprus, where the government effectively handed over all economic, financial and political sovereignty to international banking institutions in exchange for quick, easy money that acted as band-aids for crumbling, impossible to rescue economies.
The cases of Cyprus and Greece along with other European nations such as Italy, Spain and Portugal are examples of the most recent transfers of wealth sponsored by the bankers and their cohorts in governments, where the bankrupt countries borrow immense amounts of money in order to supposedly fix their economies, but that end up in the pockets of the central governments, not in the actual economies themselves.
In exchange, international banking institutions take possession of the country’s infrastructure and assets as guarantee that the client countries will pay the debt someday. Since this debt will never be paid – indeed, it will only increase – international bankers are the new owners of indebted nation-states.
Despite clear examples as those of Greece and Cyprus, politicians in countries that are near bankruptcy such as France, continue to spread the fairy tale story that austerity and indebtedness are the way to go. “This economic program aims to restore macroeconomic stability, strengthening economic governance and transparency, and promote a healthy and sustainable growth that protects the most vulnerable,” the IMF said in a brief statement.
Among the reforms demanded by the institution, headed by Christine Lagarde, are the increase in energy prices and the adoption of more taxes or the increase of existing ones. Instead of using money collected from taxes to finance social programs or pay off its debt, Ukraine, just as Greece and Cyprus did, will use the money to pay their dues to the same international banking mafia.
The assistance plan approved under the exceptional access fund of the IMF follows a request made by the illegal, unconstitutional, self-appointed government in Kiev, after its current members carried out a military coup against democratically elected president Viktor Yanukovich.
With this announcement, the IMF says “the country will avoid bankruptcy” and provide some respite to its fragile situation, where internal confrontations between pro-Russian and pro-Western forces threaten geopolitical stability in the region. Just yesterday, the illegitimate bureaucracy in Kiev announced that it no longer controls the local governments of the eastern provinces, where locals have taken over control from the hands of Washington’s supported terrorists.
The IMF expects Ukraine’s economy to shrink as much as 5%, but expects it to recover after 2015. This calculation couldn’t be further from the truth since political uprising is far from being settled in the eastern regions of the country.
In fact, historical precedents do not play in favor of Kiev. The two previous attempts at financial aid packages in 2008 and 2010 were derailed by the inability of the Ukrainian authorities to implement the required reforms.
If Kiev wasn’t able to implement such reforms in times of peace, how will it be able to do so in times of civil war? With half of the country showing its desire to break away from a politically and militarily occupied nation all that the Western-backed government can do is wait for NATO to intervene in its favor.
Luis R. Miranda is the Founder and Editor of The Real Agenda. His 16 years of experience in Journalism include television, radio, print and Internet news. Luis obtained his Journalism degree from Universidad Latina de Costa Rica, where he graduated in Mass Media Communication in 1998. He also holds a Bachelor’s Degree in Broadcasting from Montclair State University in New Jersey. Among his most distinguished interviews are: Costa Rican President Jose Maria Figueres and James Hansen from NASA Space Goddard Institute.Read more about Luis.