Ukraine's leading English-language newspaper since 1995

Dominique Strauss-Kahn Pavel Korduban writes:Electoral populism clearly prevails over economic wisdom in Ukraine ahead of the presidential election. Consequently, the IMF faces a difficult choice. If Ukraine does not receive the loan tranche expected in the middle of November, its national currency, which lost some 40 percent of its value in late 2008 and early 2009, will again fall making economic recovery slower and more painful. If the IMF turns a blind eye to Kyiv’s failure to abide by its conditions, the IMF’s prestige will suffer and Ukraine’s finances will be further unbalanced prompting it to seek additional international loans, including from the IMF. Read the story here.