The global economy plunged into a recession, no less than in 2009, said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), RBC reports. "The recession for 2020 is expected to be quite deep," the head of the IMF said during a briefing, warning that the recovery in 2021 ...
The world is facing a new financial crisis in the coming years, which will occur due to the fall in the cost of basic raw materials. This was stated by Deputy Head of the International Monetary Fund (IMF) David Lipton, writes “Today”. “The storm clouds of the next global financial crisis are already gathering,” he said.…
US Treasury Secretary Jacob Liu reminded the Ukrainian government of the possibility of "undermining international financial support" for Ukraine if the country does not fulfill its obligations to the International Monetary Fund. The head of the US Treasury said this in a telephone conversation with the Prime Minister of Ukraine Arseniy Yatsenyuk, ...
Russia is looking for options to block further lending to Ukraine by the International Monetary Fund (IMF) in the event of Kiev's default on its debt to Moscow, Bloomberg reports, citing sources. The current IMF rules prohibit lending to countries that have outstanding debts to official creditors. But…
The International Monetary Fund (IMF) has sharply criticized the financial agreement reached between Greece and the rest of the eurozone. The IMF said in a statement that the reforms that Greece has promised to carry out in order to receive financial assistance are unrealistic. According to the IMF, in the next two years, external ...
One Ukrainian military unit released drone footage last week showing a large Russian military base in eastern Ukraine, equipped with T-72 tanks, barracks, communications equipment and even a parade ground. International observers report "increased intensity" of combat ...
The European Union has frozen funding for the Republic of Moldova. This was stated by the head of the EU delegation to Moldova, Pirkka Tapiola. According to him, European money will fall into the budget of Moldova when the Chisinau authorities form a new government capable of negotiating a new financing agreement with the IMF ...
“No one knows how the endless conflict between Athens and the European leaders who control its spending will turn out. But in Kyiv, another European capital caught in the grip of debt negotiations, one thing is clear: the Ukrainian government does not want to end up like Greece - with years of wrangling with...
Concepts of fairness and morality rarely apply to debt restructuring negotiations. Most often, the parties want to achieve an optimal result that is acceptable to everyone and move on. However, what is happening with the Ukrainian debt is alarming. The long struggle of this country with Russia, ...
Ukrainian President Petro Poroshenko has signed a law allowing the government, if necessary, to refuse payments on the state's external debt. On May 19, the bill was submitted to the Verkhovna Rada and, on the same day, was adopted. The authors of the initiative explained that the President ousted from power ...