Bloomberg quotes Global Business and Economics Program Director Andrea Montanino on discussions between the International Monetary Fund (IMF) and Ukraine for an expanded bailout:
“Ukraine from the beginning has been a political issue, not an economic issue,” said Andrea Montanino, who stepped down as Italy’s representative to the IMF last year and is now director of the Atlantic Council’s global business and economics program in Washington.
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While neither Ukraine nor the fund has disclosed the amount of the request, Montanino said he expects Ukraine to receive an additional $5 billion to $6 billion from the fund. That will put pressure on the U.S. and EU along with other institutions such as the World Bank to come up with the remaining $9 billion to $10 billion.