Thursday, December 24, 2009

IMF to pay wages and pensions?

Kommersant Ukraine newspaper sources tells that although IMF will not issue next tranche to Ukraine prior to presidential elections there might a compromise of another nature with Ukrainian authorities. The money that IMF has already transferend to National Bank of Ukraine may be transfered to the government to finance the budget deficit. The last tranche from IMF in that way will be redistributed to pay for wages of state employees as well as other social payments from the budget instead of being used for support of the financial sector.

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