Share Tweet Pocket Add to Bookmarks
You're reading: Yatsenyuk: Parliament will adopt unpopular conditions in exchange for IMF aid
on social media

The IMF, which is also talking to Hungary and Belarus, is requiring that Ukraine adopt strict and likely unpopular measures in what could become a new dose of austerity for emerging economies in a region that had shown strong growth in recent years but now are suffering as investors and money flee.

Under the IMF’s expected proposals, the fund will provide regular disbursements of dollars to Ukraine in return for tough domestic measures such as lowering inflation, reducing budget deficits and government spending.

The hope is that the availability of instant dollars will help Ukraine save its banking systems, support its faltering currency and avoid defaulting on its debt. The IMF hasn’t made the conditions public, but provisions in draft legislation indicate they might include reducing government wages and pensions and subsidies for household utilities, as well as increasing taxes on gasoline, alcohol, tobacco and car imports, say experts.

Exclusive article

Sign up or subscribe to view more articles.
Try Kyiv Post for just 99¢ for the first month!
See All Plans
Monthly plan
Get unlimited article access, anytime, anywhere.

Yearly plan
Access all the exclusive content on and the complete online archive.

Add comment

Sorry, you must be logged in to post a comment.
More in this section

Add a picture
Choose file
Add a quote

Are you sure you want to delete your comment?


Are you sure you want to delete all user's comments?


Are you sure you want to unapprove user's comment?


Are you sure you want to move to spam user's comment?


Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: