Is the IMF a robber or a savior of the world?
The IMF helps countries reform their economies and develop. It allocates the funds necessary for countries, but by assessing the existing problems, it provides binding requirements to overcome these problems and improve the situation in the future. The idea is that the country will later restart its economy and be able to repay the loan, not need money, but develop and take its place in the global community. However, some politicians form a negative image of the Fund: it appears to be too demanding, imposing many conditions that require changes in tax policy, destruction of banks, and cuts in spending on schools, hospitals, and more.
Read more about the reforms in CASE Ukraine's report "Economic Priorities for Postwar Ukraine": https://bit.ly/Economic_priorities_UA
Videos about other countries mentioned in the video:
The economy of Poland - • Польща: як стати економічним тигром Є...
Economy of South Korea - • Як Корея відновилась після війни | Ці...
Economy of Argentina - • Аргентина: як найбагатша країна стала...
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00:00 Introduction
02:46 Why do we need the IMF?
06:17 Philippines. Failed cooperation
19:51 Argentina. Populism hindered development
33:54 Poland. A success story
41:34 South Korea. From borrower to IMF creditor
55:48 Ukraine. A complicated history of reforms
01:03:18 Why not all countries benefit from the International Monetary Fund?
#imf #ukraine #economy
