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
Leading law firm in Ukraine - a sponsor of Middle East Grain Congress
Ukraine: sprouts of winter crops appeared throughout 6.8 mln ha – Ministry of Agrarian Policy
In 2017, Ukraine exported 5.3 mln tonnes of sunflower oil – State Fiscal Service
In 2017, Ukraine to harvest 62.3 mln tonnes of grains – Ministry of Agrarian Policy
Ukraine: the Verkhovna Rada revoked the VAT discharge for the oilseeds exports
December 8, 15:44
The Nikolaev seaport increased trans-shipment by almost 5% since the start of the year
December 8, 12:17
Bid prices for Ukrainian sunflower meal decreased on DAP Belarus
December 7, 15:15