Comments on: The Global Financial Crisis in Ukraine http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/ Kiva Fellows share their experiences from the field Mon, 23 Nov 2009 07:24:31 +0000 http://wordpress.com/ hourly 1 By: Grace E. ZWisdak http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-3973 Grace E. ZWisdak Sun, 15 Feb 2009 04:33:44 +0000 http://kivafellows.wordpress.com/?p=1870#comment-3973 We, in the United States hope for the best in the future for the people in Ukraine and all over Europe, with a new President Barack Obama we believe in change and hope for the future. We, in the United States hope for the best in the future for the people in Ukraine and all over Europe, with a new President Barack Obama we believe in change and hope for the future.

]]> By: Grace E. ZWisdak http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-3972 Grace E. ZWisdak Sun, 15 Feb 2009 04:32:08 +0000 http://kivafellows.wordpress.com/?p=1870#comment-3972 We in the US hope it gets better with you people in Ukraine and all over Europe,but we now have a new President and hope and change is now in our future. Think Positive. We in the US hope it gets better with you people in Ukraine and all over Europe,but we now have a new President and hope and change is now in our future. Think Positive.

]]> By: Teresa Dunbar http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-3107 Teresa Dunbar Tue, 25 Nov 2008 05:54:36 +0000 http://kivafellows.wordpress.com/?p=1870#comment-3107 Great perspective. Thanks for sharing. Great perspective. Thanks for sharing.

]]> By: Evie http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-2775 Evie Sun, 02 Nov 2008 10:20:33 +0000 http://kivafellows.wordpress.com/?p=1870#comment-2775 The situation here has changed somewhat in the few days since I wrote this article. The IMF bailout has been approved by Ukrainian parliament, to the tune of $16.5billion. Meanwhile, the value of the grivna plummeted for a day and then stabilized. Deposit accounts are still frozen, but the fear in the country has eased slightly. A recent poll showed that 21% of Ukrainians believe the crisis will pass without any noticeable effect. 34% believe the crisis will have a "very bad" effect on the country. 8% believe the economy will collapse entirely. However, a woman I talked to who remembers the 1992 crisis vividly called this one "living in prosperity" in comparison. It's still frightening, but the tension is noticeably reduced from last week. The situation here has changed somewhat in the few days since I wrote this article. The IMF bailout has been approved by Ukrainian parliament, to the tune of $16.5billion. Meanwhile, the value of the grivna plummeted for a day and then stabilized. Deposit accounts are still frozen, but the fear in the country has eased slightly.

A recent poll showed that 21% of Ukrainians believe the crisis will pass without any noticeable effect. 34% believe the crisis will have a “very bad” effect on the country. 8% believe the economy will collapse entirely. However, a woman I talked to who remembers the 1992 crisis vividly called this one “living in prosperity” in comparison.

It’s still frightening, but the tension is noticeably reduced from last week.

]]> By: John Briggs http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-2659 John Briggs Fri, 24 Oct 2008 03:07:19 +0000 http://kivafellows.wordpress.com/?p=1870#comment-2659 It sounds terrifying for the average Ukrainian -- to have some or all of your life savings entrusted to an institution that gives you no guarantees nor assurance. Thanks for the perspective, Evie. It sounds terrifying for the average Ukrainian — to have some or all of your life savings entrusted to an institution that gives you no guarantees nor assurance.

Thanks for the perspective, Evie.

]]> By: Jan & John, KivaFriends http://fellowsblog.kiva.org/2008/10/22/the-global-financial-crisis-in-ukraine/#comment-2645 Jan & John, KivaFriends Wed, 22 Oct 2008 22:30:08 +0000 http://kivafellows.wordpress.com/?p=1870#comment-2645 Thank you Evie. We were talking here about our Canadian dollar today being worth only 80c US. So my Kiva loans are costing me more each day. But people like Yelena need me to continue doing my lending. We cannot all pull out. We all need to try harder. Thank you for making it so very real to me in my home here. I hope there is a ray of hope in the emergency summit of leaders from the world's 20 leading economies that is to be held on November 15 in the US - of course we first have to wait for the US elections to be over. And also hope they know what they are talking about and that it is just not all political posturing. Jan Thank you Evie. We were talking here about our Canadian dollar today being worth only 80c US. So my Kiva loans are costing me more each day. But people like Yelena need me to continue doing my lending. We cannot all pull out. We all need to try harder. Thank you for making it so very real to me in my home here.
I hope there is a ray of hope in the emergency summit of leaders from the world’s 20 leading economies that is to be held on November 15 in the US – of course we first have to wait for the US elections to be over. And also hope they know what they are talking about and that it is just not all political posturing. Jan

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