As the annual meeting of the International Monetary Fund and the World Bank gets underway in Washington, Ukraine wants to adjust the terms of its $17 billion bailout. Kyiv says the country is now at war and needs to build new armed forces. But some analysts say the terms of the loans could backfire on Ukraine’s economy.
Despite the supposed cease-fire in eastern Ukraine, Russian-backed rebels are continuing their assaults on government positions around Donetsk airport.
Analysts say the ongoing conflict threatens to tip the country close to bankruptcy.
Economist Oleh Soskin, director of the Institute of Society Transformation in Kyiv, says the …read more
Source: Voice of America
