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GDP of Ukraine has grown between 2015 and 2021 by 114%. So much for “bankrupt failed state”.
by artem247 5y ago
GDP of Ukraine has grown between 2015 and 2021 by 114%. So much for “bankrupt failed state”.
- simonblack 5y agoSo much for “bankrupt failed state”. So why the constant need for loans from the IMF/EU/etc ? Below are details of at least one loan per month. That doesn't sound like "not bankrupt" to me. Commission tables proposal for €1.2 billion emergency macro-financial assistance package for Ukraine, as announced by President von der Leyen = 1 Feb 2022 = https://ec.europa.eu/commission/presscorner/detail/en/ip_22_674 https://ec.europa.eu/commission/presscorner/detail/en/ip_22_... Canada to offer Ukraine a loan, seeks other ways to help Kyiv deal with Russia = 24 Jan 2022 = https://www.reuters.com/world/americas/canada-offer-ukraine-loan-up-c120-mln-russia-crisis-deepens-pm-2022-01-21/ https://www.reuters.com/world/americas/canada-offer-ukraine-... Ukraine receives more World Bank funds to fight COVID-19 = 11 dec 2021 = https://www.reuters.com/markets/rates-bonds/ukraine-receives-more-world-bank-funds-fight-covid-19-2021-12-11/ https://www.reuters.com/markets/rates-bonds/ukraine-receives...
- artem247 5y agoYou use the logic of consumer loans for the country, loans are not bad per se. There are certain infrastructure and social projects going on, so that would speed them up. Ukraine’s economy grows even during pandemic, so increased spending would Second, the media campaign triggered an issue with currency, which already cost more than 1 billion USD of treasury funds. Btw, Ukraine has gold/foreign currency reserves, so it’s not bankrupt just by that account. Third, you need to look at GDP to debt ratio, which for Ukraine is completely healthy, lower than many EU countries, much lower than US.