Ukraine communists slam plans to accept loan from IMF
Thursday 18 March 2010
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EmailUkraine's Communist Party has slammed government plans to accept a new loan from the US-dominated International Monetary Fund.
As an IMF mission arrived in Ukraine on Wednesday for discussions on the country's public finances, the party warned that "seeking new credits is to tighten a financial noose around the neck of Ukrainians."
CP general secretary Petro Symonenko, a key member of President Viktor Yanukovych's new Stability and Reforms coalition, said: "We are witness to the fact that Ukraine's flagship state industrial companies and agriculture have been ruined through the previous government's co-operation with the IMF, the World Trade Organisation and the World Bank."
He claimed that Western institutions had foisted policies on the country which had served to "squeeze out domestic producers from the market to fit the interests of foreign corporations.
"To seek new credits before we have received a detailed economic evaluation of the cons and pros of borrowing money abroad is to tighten a financial noose around the neck of Ukrainians," Mr Symonenko warned.
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