"EU Budget Support in Ukraine (Ukr.)" brochure has been published. It explains in simple words what budget support is. In summer 2014, the EU has disbursed €250 million of non-reimbursable assistance to Ukraine. The payment is the first tranche of the State Building Contract, which is worth up to €355 million in total.
The flow of credit resources to Ukraine has been quite limited. As of mid-November, the country received about two-thirds of the amount announced this April. What are some of the reasons behind this and what will be the consequences?
The Internaional Monetary Fund (IMF) is the Ukraine’s largest creditor. Moreover, the IMF not only lends money to Ukraine, but also guides our country in these troubled times. Hence, this organization exerts significant influence over our lives. For these reasons, a brief description of the Ukraine-IMF cooperation may be of interest to a wide readership.