Case study: The IMF and Ukraine's Economic Crisis

Case Discussion Questions:

1. What were the root causes of Ukraine's currency crisis? Without help from the IMF, what might have happened?

2. Were the policy recommendations made by the IMF reasonable?

3. Why do you think the Ukrainian government balked at fully implementing the IMF policies?

4. Was the IMF right to suspend disbursement of monies under its loan program in October 2015? Under what conditions should the IMF resume making loans?

5. What might happen if the IMF discontinues its loan program to Ukraine, as it has threatened to do?

6. Could the IMF have done anything differently to avoid the situation it now finds itself in? N.B. The answer to each question should be lengthy, thorough, and with solid arguments.