Monday, March 12, 2018

IMF lunacy: Bank asserts that providing cheap energy to Ukrainian citizens is cause for internal corruption as government seeks new loans

Is it any wonder that the International Monetary Fund (IMF) has lost so much credibility when a representative for the bank asserts that providing the citizens of Ukraine cheap energy is the root cause of internal corruption?  Because this is exactly what IMF offical Goesta Ljungman told local media as the government seeks to acquire their next round of loans from the global bank.

In an attempt to make Ukraine the next Greece, the IMF is seeking any and all ways to impoverish the people of Ukraine through the implementation of austerity by dangling the carrot of more loans over the government.

Ukraine should hike gas prices for its citizens in order to economize energy usage and fight corruption, according to an International Monetary Fund (IMF) representative in the country. 
"Different gas prices are the cause for corruption. For example, you can buy gas at a lower price for households, and then sell it at a higher price for the industry, while pocketing the difference," Goesta Ljungman, IMF resident representative in Ukraine, told local media outlet NV Business. 
According to Ljungman, cheap gas is most beneficial to "rich people with big houses" who consume a lot of fuel. The starting point should be the sale of gas at a market price in order to use additional revenue from wealthy households to strengthen the system of public subsidies, he said. 
Regulating (or hiking) gas prices has been one of the four key conditions set out by the IMF if Kiev wants to receive another loan tranche. According to the IMF, consumer gas prices in Ukraine are far lower than in neighboring European nations, and if it wants energy independence, prices should be comparable to those in Europe. – Russia Today

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