You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Centre for International Governance Innovation Remove constraint Publishing Institution: Centre for International Governance Innovation Political Geography Europe Remove constraint Political Geography: Europe Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Foreign Aid Remove constraint Topic: Foreign Aid
- Author: Susan Schadler
- Publication Date: 10-2014
- Content Type: Policy Brief
- Institution: Centre for International Governance Innovation
- Abstract: In April 2014, in a departure from its normal aversion to lending to countries in conflict, the International Monetary Fund (IMF) approved a US$17 billion loan to Ukraine to be disbursed over two years. At the time, Ukraine was three weeks away from a presidential election; engaged in combat with an armed separatist movement backed by Russia, its largest trading partner and supplier of energy; and experiencing a significant drain in foreign exchange reserves and bank deposits along with soaring yields on sovereign debt. The country was also reaping the returns of decades of economic mismanagement. Dire from both political and economic perspectives, the situation had the markings of a case where the IMF has the expertise to be usefully engaged, but there were also red flags demarcating circumstances that can hobble the IMF's effectiveness.
- Topic: Economics, International Monetary Fund, Foreign Aid
- Political Geography: Europe, Ukraine