We must understand the history of the U.S.-sponsored February 2014 Coup d’Etat which paved the wave for the adoption of IMF-World Bank shock treatment, namely the imposition of devastating macro-economic reforms coupled with conditionalities. This process –imposed by the Washington Consensus– was applied in developing countries since the 1980s, and in Eastern Europe and in the countries of the Soviet Union starting in the early 1990s.
Below is an the article describing the IMF reforms which I wrote in early March 2014, in the immediate wake of the Euromaidan Coup d’Etat which was led by the two major Nazi “parties”: Right Sektor and Svoboda, with the financial support of Washington.
What Is the End Game
The World Bank and the IMF reforms –while establishing the ground work– are no longer the main actors, representing the country’s creditors.
The traditional IMF-World Bank reforms are in many regards obsolete.
The Neoliberal Endgame for Ukraine –resulting from unsurmountable debts– largely attributable to military aid is the outright privatization of an entire country by BlackRock which is a giant portfolio company controlled by powerful financial interests with extensive leverage.
BlackRock signed an agreement with President Zelensky in November 2022.
The Privatization of Ukraine was launched in liaison with BlackRock’s consulting company McKinsey, a public relations firm which has largely been responsible for co-opting corrupt politicians and officials worldwide, not to mention scientists and intellectuals on behalf of powerful financial interests.
The Kyiv government engaged BlackRock’s consulting arm in November to determine how best to attract that kind of capital, and then added JPMorgan in February. Ukraine president Volodymyr Zelenskyy announced last month that the country was working with the two financial groups and consultants at McKinsey.
BlackRock and Ukraine’s Ministry of Economy signed a Memorandum of Understanding in November 2022. In late December 2022, president Zelensky and BlackRock’s CEO Larry Fink agreed on an investment strategy.
Hellbound and Down 