A Tough Macroeconomic Balancing Act in Ukraine
Due to the brutal war, Ukraine has a big budget deficit. The National Bank finances almost a third of it, being forced to tighten the other parts of its monetary policy. Ukraine’s macroeconomic balancing is tough. But thanks to the foreign partners’ aid and an able economic management, the situation in August is better than a month ago.
What are the tools used by Ukrainian leaders to keep the country’s economy afloat? And what could be done better? Read the new piece by our Fellow Pavlo Shremeta.