Without external financial support, Ukraine will in the coming years not be able to pay back its debts. UNIAN clears up why the country’s key creditor, the International Monetary Fund, insists on raising gas prices and creating an independent anti-corruption court in order to continue providing assistance to Kyiv.
Ukrainian authorities have admitted what economists have been saying for a long time: it will be almost impossible in the coming years to cope with the debt burden without external financial support. Against the background of the ongoing hostilities, political and economic instability, the IMF is the only adequate source of funding. Following the February visit of the Fund’s technical mission to Kyiv, the authorities faced a difficult choice: either to allow the ship to drift, which would inevitably throw it onto a default reef, or to accept the demand for higher gas prices and create an independent anti-corruption court.
