DISINFO: IMF policy in Ukraine aims to turn Ukrainians into cheap labour force
The IMF’s policy in Ukraine is aimed at turning Ukrainians into a cheap labour force that will work on the fields of European Union countries.
Recurring pro-Kremlin disinformation narrative undermining the statehood of Ukraine and its relations with the IMF. In its press release, the IMF emphasised that ensuring macroeconomic stability and coping with COVID-19 pandemic challenges are the key tasks of a new Stand-By Arrangement between the IMF and Ukraine: "The new Stand-By Arrangement will provide an anchor for the authorities’ efforts to address the impact of the crisis, while ensuring macroeconomic stability and safeguarding achievements to date. [...] The program will focus on safeguarding medium-term fiscal sustainability, preserving central bank independence and the flexible exchange rate, and enhancing financial stability while recovering the costs from bank resolutions." According to the IMF, policies under the new arrangement will focus on four priorities: (i) mitigating the economic impact of the crisis, including by supporting households and businesses; (ii) ensuring continued central bank independence and a flexible exchange rate; (iii) safeguarding financial stability while recovering the costs from bank resolutions; and (iv) moving forward with key governance and anti-corruption measures to preserve and deepen recent gains. Read similar disinformation claiming that Ukrainians will remain without land because of the IMF and that IMF has abandoned Ukraine and cuts its support.