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IMF Announces Ukraine’s $18 Billion Bailout

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The International Monetary Fund (IMF) announced a $14 billion to $18 billion bailout for Ukraine on Thursday morning, as the country’s prime minister warned of the depth of its problems.
The IMF’s Mission Chief Nikolay Gueorguiev announced that the bailout will use a “stand-by arrangement,” a type of bailout similar to that used in Iceland and Greece after the credit crisis of 2007. International funds of up to $27 billion over two years will be available, including $14 billion to 18 billion from the IMF.

Ukraine’s interim Prime Minister, Arseniy Yatsenyuk, warned that Ukraine’s economy would shrink by 3 percent this year in a best case scenario, and that it could fall by 10 percent without IMF help.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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