Whether the government of Ukraine asked for the International Monetary Fund (IMF) to assess their needs for money, or Christine Lagarde, acting director of the IMF simply felt it was a good sound investment, there are now talks of indebting this region to the technocrats.
Lagarde said: “We are ready to respond and, in the coming days, will send an IMF fact-finding team to Kiev to undertake a preliminary dialogue with the authorities. “This will enable the IMF to make its usual technical, independent assessment of the economic situation in Ukraine and, at the same time, begin to discuss with the authorities the policy reforms that could form the basis of a Fund-supported program.”
In essence, the IMF is determining if their investments in this country will yield a decent return.
As of now, the Ukrainian government owes $13 billion to banking institutions. Russia has frozen accounts for Kiev worth $15 billion; making the transition into democracy quite easy.
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