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International Monetary Fund approves $15 billion loan for Ukraine

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July 29, 2010, 5:52 a.m. | Ukraine — by Staff reports
The Executive Board of the International Monetary Fund (IMF) today approved a 29-month SDR 10 billion (about US$ 15.15 billion) Stand-By Arrangement for Ukraine in support of the authorities’ economic adjustment and reform program. Read the statement here. Following the Executive Board’s discussion of Ukraine, Mr. Lipksy, First Deputy Managing Director and Acting Chair, made the following statement:

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Anonymous July 29, 2010, 7:57 a.m.    

Sweet! Daddy is going to get a new Bentley or maybe a Porch, hell make it both and throw in an Land Cruiser. I am sorry, I meant this money will be spent wisely on social and economic reform. Too bad 5 years of promises mean nothing to the working poor of Ukraine. I guess this can be viewed as a "bribe" to Ukraine from the IMF to not sell the entire country to Russia just yet.

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Anonymous July 30, 2010, 4 a.m.    

Be careful. The IMF is known to suck the blood from many countries and people. After all it is all about profits and more profits for them.

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