Ukrainian crisis may derail the global recovery - IMF
The current situation in Ukraine is unpredictable, and can have negative aftermath for the world economy, declared Christine Lagarde, Managing Director of the International Monetary Fund (IMF).
"The crisis in Ukraine is a danger (in economic terms) that one whose risk of contagion for other countries can be very difficult to measure or hard to predict. Nevertheless, it can have serious economic consequences," C.Lagarde stated.
She added that to date the geopolitical situation already has its impact at international trade, capital flows and energy security in the countries of Europe.
She said the IMF credit of 17 bln USD is aimed to assist to win back investor trust to Ukraine, and establish financial stability in the country. C.Lagarde also warned that Ukraine will need more than the reporting 17 bln USD assistance package agreed last month, and warned that the crisis in the region may hurt the global economy hard.
You should be authorized to post comment
Ukraine exported over 26 mln tonnes of grains – Ministry of Agrarian Policy
March 27, 16:50
Ukraine: agrarians of Luhansk oblast lack 130 mln UAH for planting works
March 27, 16:20
As of March 26, Ukraine planted spring grains throughout 1 mln ha - Ministry of Agrarian Policy
March 27, 15:50
Canada to provide 200 mln CAD credit to Ukraine
March 27, 14:40
Ukraine: development of river transportation requires foreign investments – O.Vadaturskyy
March 27, 13:10