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: Ministry of Agrarian Policy and market participants agreed the main indicators of the Memorandum on grain exports – O.Pavlenko
Ukraine exported over 10 mln tonnes of grains – Ministry of Agrarian Policy
Ukraine exported the record volumes of wheat – APK-Inform
Georgia Agro Forum -2015 opens prospects for potential investors
Ukraine harvested over 43.5 mln tonnes of grains - Ministry of Agrarian Policy
On September 28 –October 4, Ukraine decreased grain exports from the seaports
Ukrainian flour producers to face difficulties to compete on the European market – expert