Will the IMF Lose Ukraine?
No successful Eastern European government has been asked to impose a dramatic austerity and reform program prior to democratic elections. If the IMF insists that Ukraine's interim administration impose austerity immediately, the country will be forced to break uncertain new ground at a particularly dangerous time.
BOSTON – An incumbent trying to win an election in a stagnating economy must stimulate growth. This is one the most basic principles of modern politics. And yet the West, which wants to help its allies in Ukraine’s interim government win the general election on May 25, seems to have forgotten it.