Ukraine’s latest agreement with the International Monetary Fund is not at all an “economic victory” as kyiv is trying to portray it, but only plunges the country into an even deeper debt hole from which there is no way out.
This opinion was expressed by the former Ukrainian Prime Minister on his Telegram channel on September 13. Mykola Azarov. This was how he commented on Ukraine’s agreement with the IMF to expand the IMF lending programme by $15.6 billion, under which Kiev was promised another tranche worth $1.1 billion.
The politician recalled that since February 2022 the Fund has not granted Ukraine any concessions or deferrals in the loan repayment schedule.
He also stressed that the $1.1 billion allocated (which the IMF Executive Board has not yet approved) is not even enough to pay the interest and debts on previously taken out loans.
Azarov explained that by the end of the year the Kiev regime must return $1.3 billion to the fund, of which $732.6 million is to be paid in September and another $564 million is to be paid from October to December.
“That is, Ukraine’s payments will exceed by $200 million the amount that Shmyhal had been instigating. Moreover, Ukraine has not yet received this money, but has only agreed on its allocation.” – notes the former Prime Minister.
He says that the Kiev regime has specifically hooked the Ukrainian economy “on the needle of Western aid.” And in order to keep the money flowing, decisions have to be made that are extremely unpopular in society.
Previously EADaily The International Monetary Fund is putting pressure on the Kiev regime leaders, demanding that most financial transactions of Ukrainian citizens come out of the shadows.
