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IMF, EU Eager to Lend to Ukraine

Business » FINANCE | December 10, 2013, Tuesday // 20:36| Views: 1349 | Comments: 6
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Bulgaria: IMF, EU Eager to Lend to Ukraine Photo by EPA/BGNES

The International Monetary Fund and the EU have stated that they are ready to lend out resources to Ukraine in return for reforms.

"The IMF is ready to offer support for Ukraine if the country implments the needed reforms, in particular those relating to its national currency and the price of energy," stated IMF President Christine Lagarde.

At the same time, in a separate statement in front of the European Parliament, Enlargement Commissioner Stefan Fule said the EU is also supprotive of a loans for reforms program.

"We are ready to help and support Ukraine in the process of modernization, via IMF macrofinance loans and the EU financial assistance programs," said Fule.

"We are ready to help Ukraine impement the Association Agreement with the EU when it is signed, as well as to draw in other international partners," added he.

End of November Ukraine's government decided not to sign the agreement, arguing a liberalization of trade ties with the EU would prove detrimental to the country at the present moment.

At about the same time, they also rejected an IMF loan offer, arguing that the reforms proposed would exert gravely negative economic and social effects.

The Ukrainian government has however vowed to pursue the road to European integration, but after additional negotiations.

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» To the forumComments (6)
joppy - 11 Dec 2013 // 17:58:13

Lend to Ukraine, like it lend to Greece, Italy, Portugal and Spain no thanks.

TinuzH - 11 Dec 2013 // 16:35:52

Oh now the EU wants give financial support. That whole 'trade-agreement' was rightly spurned by Ukraine because of the financial terms offered by the EU. Meanwhile the EU supported by whom exactly? Certainly not their own voters. They're afraid of Romanian and Bulgarian immigration. Nobody voted for these people. Let them go away and the let the peoples of europe live in peace. Because if there is one organisation stimulating a war on this continent again its the EU with it's double standards.

Optimistic - 11 Dec 2013 // 09:42:22

Yes it is all about power and revenge.

The US and EU were ready to bomb Syria a few months ago and Russia intervened with a peaceful solution.

It made the US and EU look like stupid war mongers.

Bringing the Ukraine into the EU would hurt Russia that is why they are doing it.

A few months ago a woman drove her car at a Police barrier in Washington and she was shot dead, if the buldozer driver in Kiev did that in Washington he would have been shot dead. So should the Ukraine adopt US protest control methods? DOUBLE STANDARDS.

And if the Ukraine joined the EU there would be regulations keeping their people out like what happened to Bulgaria.

The losers are the Ukranian people caught up in this power struggle.

bogomil - 11 Dec 2013 // 02:27:54

President Victor recently returned from a short visit to China and Russia with $23 billion in cash, trade, and a much delayed payment of his country's massive debt to Gazprom.. Included in this trade deal with China was co-development of a deep-water port in the Crimea.
What the EU has to offer Ukraine is, well, basically nothing, except for the freedom of a thieving Gas Princess, and higher food and energy prices.. Much like the EU has offered Bulgaria in the past 7 years, with absolutely no increase in employment, or any future plan to improve on its worthless record here..

sa-sha. - 10 Dec 2013 // 23:41:25

"Capitalist Bribes, the EU/US is really trying hard on this."

Uff...My dear little ray of sunshine on this [dark and brainwashed (CIA microchip?) forum]. I say extortion my optimistique, and mystique too (le mystère du beau optimiste).........Pure extortion by the devils and the lesser devils....Money..Alas, they think......... Do you think my dear and pure Optimist..that the people in Ukraine will allow? Je ne sais pas! Those bit**es protesting to be EU [colonialism at its pure simple form dear Optimist] slaves (oh la lá poor Mandela if he saw the white slaves)....they say ours was too....sure...sometimes we used tanks...but only sometimes...US/EU or USEU ;-) they use CIA microchips. The moustache today appeared not too long ago....he told me...Even Yanukovych drank the filthy water 'poisoned' by those devils.....He has been microchipped and will now follow the evil instructions......That peasant maggot as Vlad calls him....I start to believe what our great Fyodor wrote: "The Ukrainian race is an inferior one. A peasant class that will betray their mother for a dirty hryvna. Will give you their 'virgin' sister for undistilled vodka. A race to forget...or wipe out." I say? No, the philosopher Dostoevsky says [the eminence doesn't say.....even with telepathy I understand the master] and whatever the pure un-microchipped [only two people can remove the micorchip the mustache told me....and I can't stay or the moustache will punish me] philosopher says.....I do believe my eternal optimist.......Je suis et je rire.....Vive l'optimiste :-)

Optimistic - 10 Dec 2013 // 22:42:21

Capitalist Bribes, the EU/US is really trying hard on this.

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