IMF experts do not understand what's happening in the Ukrainian economy, blocked transfer of the second tranche of financial aid

IMF experts do not understand what's happening in the Ukrainian economy, blocked transfer of the second tranche of financial aid. (VoiceOfRussia).

IMF experts do not understand what's happening in the Ukrainian economy. They even extended their stay in Kiev to gather more information and blocked pending the transfer of the second tranche of financial aid.

For cons, the situation in Ukraine is no doubt for most analysts: the country has been and remains on the brink of bankruptcy when the civil war started by Kiev made a clean sweep of the rest of industry and infrastructure .

It is still in April that the IMF had announced that Ukraine a loan of $ 17 billion spread over two years. The first installment of a little over $ 3 billion, was transferred shortly after but there was a delay in the second.

The IMF says this setback by "the situation is changing rapidly and the need to discuss a number of issues with the government." 

The West seems to gradually become aware of the pit he had dug for both Ukraine and the rest of Europe.

The Ukrainian economy was on the verge of bankruptcy before the Civil War. This is the situation that the new authorities in Kiev are powerless to recover and rely solely on Western aid.

Anxious to get it at any cost, they have already made cuts in planned spending by practicing job cuts in the public service, freezing wages and social benefits and rising gas prices, heating and electricity in the context of devaluation hrivnyia.

This is, indeed, the beginning, says political observer Alexander Kareevski: "The State missed tax revenue which will affect the salaries of doctors, teachers etc.. The standard of living will soon fall and already declining. Clearly, Ukraine is a failed state that can live only in external financial infusion.

Just this year, it must pay $ 20 billion to cushion the negative balance in its balance of payments, which roughly corresponds to the way it should receive credit from the IMF. "

The Ukrainian government also relies on the West to clear the avalanche of social problems. The World Bank had promised him a loan of $ 300 million supposedly to help the poorest layers of population. Remains whether this "astronomical" sum is sufficient to change anything - Sergei doubt Khestanov, director of group of companies "ALOR."

"$ 300 million in all and for all, divided by at least 10 million poor, this is at most $ 30 per person. It is for this reason that the money in question is likely to be broken down by other topics. "

It goes without saying that Western tranches can not solve all these problems because they barely enough to service the debt. Therefore, Poroshenko must prepare for a new Maidan to next winter if obviously it nothing happens in the meantime. Hmmmm.....It's going to be a long, cold Russian Winter.