/ world today news/ According to the announcement, the funds will be allocated within the framework of the IMF assistance program for Ukraine. As noted, it remains to be “approved by the management of the fund”. It is indicated that the decision was taken “after discussions between representatives of the IMF and the Ukrainian authorities”.
The severe political crisis affects the economy and the budget sector in Ukraine. The country is actually on the verge of bankruptcy. Unemployment is growing, the national currency has depreciated more than three times in a year. As a result, according to the Ministry of Finance of Ukraine, in January 2015, the average wage in the country was 3,455 hryvnias (nearly 148 euros). It is one of the lowest in Europe. The latest IMF forecast for the Ukrainian economy in 2015 is for a GDP decline of 9% and inflation to reach 46%. / RIA Novosti
Washington / USA
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