Most popular
watch us on facebook
PM Shmyhal: IMF may launch $15 billion program for Ukraine
Kyiv expects the International Monetary Fund (IMF) to launch a new multi-year program for Ukraine amounting to $15 billion, Prime Minister Denys Shmyhal said after a Feb. 20 meeting with the IMF head Kristalina Georgieva.
"It is planned that the program with the IMF will consist of two parts: immediate financial support and support for structural reforms that will contribute to (Ukraine's) recovery," Shmyhal said on Telegram.
Georgieva and her team arrived in Kyiv on Feb. 20 to meet with Ukrainian officials and "discuss the mechanisms of financial support for Ukraine," according to the prime minister.
President Volodymyr Zelensky also met with the IMF chairwoman.
"The IMF's support creates an opportunity for Ukraine to remain strong. It is also a weapon — an economic weapon that enables us, our society, and our business to develop," reads Zelensky's post.
Georgieva said on Oct. 25 that Ukraine’s external financing needs in 2023 would 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.

Editors' Picks

War from above: A day with drone unit defending Ukraine's south

‘I work, then I cry’: Exhausted medics near Bakhmut fight for every life

Ukraine war latest: Japanese PM visits Kyiv; US to speed up Patriot, Abrams delivery

Ukraine war latest: Bakhmut, Avdiivka, Mariinka under heavy fire

Belarus Weekly: European Parliament resolution urges more sanctions against Belarus

Ukrainian State-Owned Enterprises Weekly – Issue 80
