Ukraine Needs Reforms to Avoid a Worse Crisis

Although the ongoing conflict in Ukraine’s east has caught the world’s attention, no less important for Ukraine’s future are the transformative and unprecedented reforms being undertaken by the government in Kiev, as it seeks to arrest the country’s economic crisis and lay the foundation for long-term growth.

Last Friday, the Executive Board of the International Monetary Fund (IMF), with strong U.S. support, approved the next disbursement of financial assistance under Ukraine’s IMF program – marking almost a year and a half of sustained reform implementation.

There is no disputing that the government and people of Ukraine have faced the country’s extraordinary challenges with courage and commitment. Since the Maidan activists braved violence and sub-zero temperatures to promote democracy, transparency, and accountability, Ukrainians from all walks of life have been doing their part to achieve a decisive break with the country’s past and lay the groundwork for a stable, prosperous future.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza