Western lenders may regret forcing Ukraine to turn to the IMF

War is tearinggdpimf imf apart Ukraine’s economy. Last year the country’s fell by 30%; a ballooning budget deficit forced the central bank to print billions of hryvnia and devalue the currency. On March 21st the announced Ukraine would receive the seventh-biggest bail-out in the fund’s 79-year history. The country is set to receive $15.6bn over the next four years through an emergency programme that may be approved by the ’s board (on which Russia has a seat) next week.