Without a doubt, COVID-19 has debilitated for all intents and purposes everything including financial activities of legislatures like that of Ukrainian’s plan for the year.
The President, Volodymyr Zelensky had incredible designs for his country even to the degree of reshuffling his cabinet to meet his objective for the year.
Zelensky was elected President of Ukraine on 21 April 2019, beating incumbent President Petro Poroshenko with nearly 73% of the vote to Poroshenko’s 25%.
Mr. Zelensky who was at one time a satirist before becoming a President was idealistic he will do well undoubtedly, but is now shaking his head for an inappropriate reasons.
COVID-19 has destroyed his plans as he adds coronavirus to the list of challenges his war-fatigued country needs to manage.
The 42-year old who has been in office for just a year, and his administration back two key measures requested by the International Monetary Fund in return for much-required budgetary help.
The pandemic has shut all windows as far as financial growth is concerned just like some other countries, as investors have lost trust in the Eastern European country and other frontier credits.
The Ukrainian currency, hryvnia has dropped 12% against the dollar. That pairs the bailout required from the IMF to around $10 billion.
The country’s debt rebuilding is escaping hands simply like numerous other countries as there’s an entire slew of nations that should rebuild their debt.