“We do foresee a sharper-than-expected contraction,” Caroline Atkinson, director of external relations at the IMF, told reporters today in Washington, adding that the numbers are still being worked out. “Obviously we are looking at the strains of the budget from the deeper contraction and from the continued financing need of Naftogaz.”
The IMF already announced it would increase the size of the loan disbursements to Ukraine, while the EU held gas talks with Ukraine. Its only fitting that Yushchenko decided to remind voters of the economic improvements since 2005.
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