When the International Monetary Fund’s board convened on April 3, it found that the Ukrainian government had fulfilled only five out of fourteen structural reform conditions it had outlined. Nevertheless, Ukraine received a $1 billion installment of its $17.5 billion financial support for the government’s reform program. Was it pure politics that Ukraine got a fourth tranche? And why did the IMF pose so many structural reform conditions when it is supposed to deal with macroeconomics?
OP-ED
Anders Aslund: Why does the IMF keep funding Ukraine?
Christine Lagarde, Director of the International Monetary Fund (IMF) attends a press conference following a meeting of the German chancellor with global economic leaders in the chancellery in Berlin on April 10.
