May 12 2014, 13:00 Source: APK-Inform Views: 985

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.


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