Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
Contact Group focuses on demining, creation of new security zones in Donbass — OSCE envoyWorld December 07, 20:57
Russian Defense Ministry reports 70% of eastern Aleppo under control of Syrian armyWorld December 07, 20:21
Moscow slams Polish FM's remarks on NATO-Russia Council meeting — sourceRussian Politics & Diplomacy December 07, 20:12
IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
The former International Monetary Fund (IMF) executive and now analyst at the American Enterprise Institute says “it is all too likely that the IMF is lowballing Ukraine’s needs in much the same way as it did in its Greek bailout programme.” He says the estimates are growing now the same as in the past. “Last May, at the time it launched its Ukraine lending programme, the IMF estimated that Ukraine might need around $35 billion in official external support. Today, some six months later, it is estimating that Ukraine might need around $55 billion in official external financing.”
Lachman says, “One would have thought that this question would have been the main topic under discussion during [Ukrainian President Petro] Poroshenko’s U.S. visit. If Kiev “might need at least an additional $19 billion of external official support to see it through 2015, the White House has agreed to provide Ukraine around an additional $50 million in assistance. This leaves unanswered the basic question as to from where the remaining $18.95 billion is to be obtained,” the analyst says.
Meanwhile, the IMF existing programme for Ukraine is estimated at some $17 billion for the next two years. IMF Communications Director Gerry Rice told reporters at a briefing on Thursday that Kiev had not officially asked for this programmes revision, although it is the key part of the international assistance package on the tentative amounts of which Lachman commented.
The Hill newspaper is written for and about the U.S. Congress, with a special focus on business and lobbying, political campaigns and other events on Capitol Hill. The newspaper features investigative reporting, profiles of lawmakers and aides, features describing the sociology and politics of the Hill.