Posted on 12/08/2014 10:47:42 AM PST by Kaslin
On Wednesday I noted the arrival of carpetbaggers in Ukraine. (See Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania).
No carpetbagging mission is ever complete without at least one visit from the IMF.
On Friday we learned that Ukraine will be blessed with a second visit from the IMF as its Foreign-Currency Reserves Dip Below $10 Billion.
Ukraine’s central bank reported foreign-currency reserves at their lowest for almost a decade, raising pressure on the West to provide more financing to the country being squeezed by Russia.Where's the Love?
It also presents a dilemma for the West, which is reluctant to hand over more cash without clearer evidence that Ukraine’s newly elected government will deliver on pledges to overhaul the bureaucratic and corruption-plagued economy.
Ukraine needs to pass a tight budget for next year among other overhauls to land nearly $3 billion from the International Monetary Fund, part of a $17 billion package that officials and analysts in Kiev say already needs to be expanded.
“Ukraine is currently in a pretty critical condition—and desperately in need of IMF life support,” Standard Bank analyst Timothy Ash wrote in a note.
Ukraine’s central bank said Friday its reserves dropped 21% to $9.97 billion in November from the previous month, after paying off some debt for natural gas deliveries owed to Russia, and servicing other debts.
Reserves are now at their lowest since December 2004, when they stood at $9.71 billion. Analysts said the reserves now cover a little over one month of imports, while the IMF recommends reserves equivalent to at least three months of imports.
The national bank spokeswoman said reserves were “enough to cover all current liabilities.” [Failing to add ... for a month].
Can’t be. Internet told me they finally got a new good government, not like an old bad corrupt government.
Grifter nation. There was an article not long ago that said EU leaders were no longer falling for their (Ukraine) act.
UNEXPECTED!!
Not....
Same old Oligarchs, same old corruption. Now it’s just flavored with all of that Nazi imagery...
“Were those closer ties to Western Europe worth it? If so, for whom?”
Well, let’s analyze it, shall we?
WHO makes massive amounts of money by shorting a country’s currency, then spends money on NGO groups to destabilize that same country?
WHO has great influence with the Obama Administration liberals that contributed to the destabilization of that very same country?
You know the answer to those two questions as well as I do, Kaslin.
They were better off aligned with Russia.
I gave at the office.
The better question is - where is Ukraine's gold ?
National Bank of Ukraine has none left.
~They were better off aligned with Russia.~
Russia is better off without them in an intermediate to long run too. The only Russian problem it to secure oil and gas transit so the bastards won’t engage in their casual blackmail as far as theis politician would pocket all the Western aid and call Obama and EU names for failure to bring more.
Then there would be another wave of protests on Maidan praising Russian ties condemning American and German imperialism and confiscation of Western assets.
The main challenge for Russia would be not to fall into it again, they have certainly passed a red line this time.
Let’s consider Obama and EUSSR bought it. Let them pay taxes and maintenence now.
Nice one.
The evil maniacal Koch brothers are the root of all evil corrupting countries and befouling the planet...
Just ask Harry Reid
/ S
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