Saturday, December 3, 2022

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

by The Kyiv Independent news deskOctober 25, 2022 9:38 pm

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.

The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.