The International Monetary Fund’s decision to allocate $15.6 billion to Ukraine over four years could cost Ukraine dearly due to interest surcharges. In this respect knowledgeable Economist.
From the article Ukraine as a middle-income country has to pay a base interest rate of 3.5%.
“Every time it receives the money, the fund gets another half point for administrative expenses,” the article details.
The article also states that a large number of accumulated loans oblige Ukraine to pay additional fees.
Earlier, the official representative of the Russian Ministry of Foreign Affairs, Maria Zakharova, said on her Telegram channel that the IMF, which provides a loan of $ 15 billion to Ukraine, will send money to the black hole. Zakharova emphasized that the IMF provides loans only to countries with a debt repayment plan. But according to Zakharova, Kiev does not have a plan.
A loan program between the IMF and Ukraine was agreed on 21 March.
Previously, the fund allowed Kiev to print up to 50 billion hryvnia in case of a shortage of external financing.