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IMF: Ukraine may need up to $5 billion in financial aid monthly in 2023

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The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Oct. 25 that Ukraine’s external financing needs in 2023 will be around $3 billion to $4 billion a month in a best-case scenario but could reach $5 billion as Russia targets the country’s critical infrastructure.

“Ukraine’s recovery and reconstruction will require a massive and sustained effort by the Ukrainian people. And we, the international community, are called upon to do our part,” she said.

President Volodymyr Zelensky said on Oct. 25 at the International Expert Conference on the Recovery, Reconstruction, and Modernization of Ukraine that the country urgently needs $17 billion for reconstruction.

Russia's ‘blackout blitz’ on Ukrainian energy sites escalates ahead of winter
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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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