Ukraine's IMF Bailout Is Small Enough to Work

Ukraine's new IMF aid won't make it rich, but it could be enough to stimulate real reforms.

You are the change you seek.

Photographer: Simon Dawson

Today could be the first day of the rest of Ukraine's life. Along with a new cease-fire agreement, the country now has a four-year bailout deal with the International Monetary Fund. It's still too early to celebrate. Like the cease-fire, the aid package isn't very generous to Ukraine. But if it helps convince Kiev it needs economic reforms, that won't be a bad thing.

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