The IMF announced in late March a staff-level agreement with Ukraine for a $14 billion-$18 billion dollar loan. Domestic gas prices were hiked by 50 per cent the day prior to the announcement and the IMF had earlier indicated that it would demand reforms that “cover a wide range of issues”. Ukraine’s 2011 IMF arrangement was frozen by the Fund due to Ukraine’s failure to implement required reforms including gas subsidies. Ultimately, Fund conditionalities may depend on political realities. Brett House of Canadian think tank CIGI argued in March that “the West needs to ensure that IMF money [for Ukraine] carries fewer strings and disburses faster than past loans.”
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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