Ukraine to receive billions from the West

 
Ukraine to receive billions from the West
Loading...
Loading...
An agreement between the US and Ukraine for a loan of $2 Billion was signed in the Ukrainian capital Kiev on Wednesday.

The loan will help the former Soviet republic to manage short-term welfare spending, according to US Treasury Secretary Jack Lew.

The condition for the loan is that Ukraine's government keeps up with its economic reforms and its fight against corruption.

On Tuesday also the EU finance ministers agreed to lend Ukraine almost $2 billion this year to tackle the economic crisis.

Problems were major in the economy even before the pro Russian separatist riots became seriously escalated last spring. But fighting in Donetsk and Luhansk have hit the core areas of Ukraine's industrial production and therefore worsening the economic crisis in the country. In addition the costs of the war effort itself is expensive.

The International Monetary Fund (IMF) pledged already last year to give Ukraine a crisis package worth $16 billion, but has so far been unwilling to increase its contribution. Overall the various donors promised Ukraine almost $27 billion in emergency aid, but all indications are that this is not enough.

IMF estimates that the country needs additional $15 billion to stay afloat for the coming years.

Comment below.

Loading...


    Donate to Speisa


The globalist psychopaths vs Speisa


Latest
Untitled-2-Recovered.jpg
The new laws about 'hateful expressions' on social media seem to have come into full effect in Germany, as a court on Friday sentenced a journalist to six months in prison for a post on Facebook.

Untitled-2-Recovered-Recovered-Recovered-Recovered.jpg
Police have shot a man who stabbed several people while screaming Allahu Akbar in the city of Turku. A woman and a baby are among the injured.

Untitled-2-Recovered-Recovered-Recovered-Recovered.jpg
Uefa hits Polish club Legia Warsaw with disciplinary charge over banner honouring Nazi victims.

View this article in PDF format Print article



DON'T MISS A POST - FOLLOW US ON FACEBOOK!




Disclamer
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.
comments powered by Disqus