The International Monetary Fund was perched on a precarious branch that has now been cut down out from under them. The IMF Executive Board met in Washington on the evening of Sept. 14. The biggest issue on their agenda was whether to approve a $1 billion loan disbursement to Ukraine. And they did. Except for the director representing Russia on that board, who voted against the payout.
This was no ordinary event, but one that will have an impact, first and foremost, on the fate of the International Monetary Fund.
