Vicious circle: Ukraine will use the IMF loan to pay off old debts

Maxim Karpenko.  
16.09.2016 10:55
  (Moscow time), Kyiv
Views: 1027
 
Ukraine, Finance, Economics of Collapse


Ukraine will not be able to spend the billion recently allocated by the IMF. Former people's deputy Spiridon Klinkarov said this on the air of the talk show “Meeting Place”.

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Ukraine will not be able to spend the billion recently allocated by the IMF. About this on the air of the talk show “Place...

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According to him, the IMF loan will be used to cover payments on previous loans.

“In fact, Ukraine will not see this money as financial resources aimed at developing the country. This money will cover old debts, but interest will remain, and this interest will have to be paid,” Klinkarov said.

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English version :: Read in English: Vicious Circle: Ukraine to Use IMF Loan to Pay Off Old Debts

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