30 October 2018 / Europe
Ukraine-IMF relationship not a success
The IMF's relationship with Ukraine has always been among its most high profile and difficult interactions. The US and Europe have consistently encouraged the IMF to remain engaged in Ukraine, viewing this as a means of laying a foundation for greater market orientation, integrating Ukraine with the West and diminishing Russia's regional influence. Though the Fund has spared no effort, the relationship cannot be viewed as a success, and the economic promise of the 2014 revolution is not yet close to fruition.