As US and Europe Press Ukraine to Reform, They Also Must Help Save It from Default

The Ukrainian Project to Keep Europe Whole and Free Needs Adequate Financing—and Quickly
Ukraine’s new government has unleashed a “tiger team” of ministers committed to quick and comprehensive reforms—but as that work begins, the costs of war and recession have pushed Ukraine to the edge of default. Ukraine has begun to take steps to slash corruption, improve governance, and open up the economy, but its friends in the European Union and the United States have been much slower at assembling the $32 billion or more in loans now needed to keep Ukraine solvent through the difficult first years of …read more

Source: Atlantic Council

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