KK1 - Power of States Case Study - IMF Loans to States

Question 1

Loans from the IMF overview

Answer 1

Loans from the International monetary fund (IMF) are issued on a conditional basis, meaning that the borrowing state must agree to certain obligations or requirements before the loan is distributed.

Question 2

Ukraine and IMF

Answer 2

In 2020, Ukraine was required to lift a ban on the sale of farmland and approve a new banking law to receive a US$5 billion loan from the IMF

Question 3

Ability of Ukraine to influence the IMF

Answer 3

-Small extent
-Ukraine was in a financially vulnerable position, they had little power ability to influence the actions of the IMF.

Question 4

Type of power concerned with this case study

Answer 4

Legislative power being restricted by the IMF