IMF delegation coming to Ukraine

Some news from Financial Times  which is reporting that  an IMF team heads to Kyiv. However, Ukrainian officials are downplaying the visit and arguing that Ukraine's economy will weather the crisis.  Yet, the Ukrainian stock market is being battered while Ukraine's big neighbor, Russia, is suffering badly from the current crisis. 

 Officials in Kiev said they were seeking to shore up confidence in their under-pressure economy. But they insisted that the economy remained in good shape, accusing western experts of exaggerating the risks facing Ukraine, and saying the IMF delegation would be in Kiev for one week “to personally study the situation”.Bogdan Danylyshyn, economy minister, said: “Altogether, Ukraine’s macroeconomic situation is not dangerous.”

at Wednesday, October 15, 2008

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