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The International Monetary Fund (IMF) has approved a $17.1bn (£10.1bn) bailout for Ukraine to help the country's beleaguered economy.
The loan comes amid heightened military and political tension between Ukraine and neighbouring Russia.
The loan is dependent on strict economic reforms, including raising taxes and energy prices.
The money will be released over two years, with the first instalment of $3.2bn available immediately.
originally posted by: METACOMET
posted on Mar, 2 2014 @ 04:07 PM
It's really just a covert putsch by Western corporate interests to ensure their global financial domination and to posture banks, currency and International Monetary Fund loans. Round and round we go.
originally posted by: stirling
First they put the countys balls in a wringer...then they start to squeeze....goodbye free Ukrainians...it was short and sweet but now its over east or west...you are toast....
IMF approved the $17bn tranched loan to Ukraine last night, Gazprom gets paid; Ukraine gets its cash; and the door's wide open for the US and EU to pour more 'controlling influence' into the divided nation... Except there's one thing:
•IF UKRAINE GOVERNMENT LOSES EFFECTIVE CONTROL OVER EAST OF COUNTRY,
$17 BLN IMF BAILOUT WOULD NEED TO BE REDESIGNED
Which, roughly translated, appears to mean go to war with pro-Russian forces (and thus Russia itself if Putin sees his apparent countrymen in trouble) or you don't get your money!
Some other items of note include:
•*IMF URGES UKRAINE TO REACH PRICE ACCORD WITH GAZPROM BY SEPT
•*UKRAINE INFLATION MAY JUMP TO 16.2% THIS YEAR, IMF SAYS
•*RUSSIA'S GAS PRICE INCREASE MAY WEAKEN HRYVNIA: IMF STAFF