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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.

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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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During a meeting with Energy Minister Denys Shmyhal on July 12, President Volodymyr Zelensky stressed the need to take additional "more decisive" steps to protect Ukraine's energy infrastructure and emphasized the importance of robust winter preparedness plans for communities and regions.

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Yulia Svyrydenko, who replaced former Prime Minister Denys Shmyhal in July 2025, will now take on a new role leading cooperation with Ukraine’s key partners, Zelensky announced on social media.

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Once promoted by the Kremlin as a symbol of Russia’s resurgence and a premier tourist destination, the peninsula now faces mounting pressure from Ukrainian drone strikes targeting military infrastructure, logistics, and supply routes.

President Volodymyr Zelensky said on July 11 that he is preparing changes to Ukraine’s “diplomatic efforts” to accelerate weapons deliveries from allies, as Ukraine's stockpile of Patriot air defense missiles has run dry.

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