The IMF is concerned about Ukraine’s delayed financial assistance.

Tuesday, December 19, 2023
The IMF is concerned about Ukraine’s delayed financial assistance.

The head of the IMF, Kristalina Georgieva, believes the West should provide financial aid to Ukraine as soon as possible. In her opinion, Ukraine can cope with the likely short-term financing deficit for “a couple of months.” However, Ukraine’s economic recovery will be in jeopardy if it is forced to adjust to a lack of new financial support. Further delays could force Ukraine to return to destabilizing policies such as money printing.

“We need Ukraine’s partners to contribute – both the US and the EU. In the end, I remain optimistic,” Georgieva added.

The head of the parliamentary finance committee, Danylo Hetmantsev, gives his assurance that the government can finance all planned expenditures in January-February 2024 even without new financial aid.

Advisor to President of Ukraine Oleg Ustenko noted that in the absence of support from the West, Kyiv will resort to plan B. In the first stage, it will be enough to turn to the domestic market for capital borrowing.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Sweden and Denmark will transfer $263.6M worth of CV90 IFVs to Ukraine.

Sweden and Denmark will transfer $263.6M worth of CV90 IFVs to Ukraine.

Next post
Russian gas exporters' profit decreased by three times, while Turkey saved $2B thanks to Russian oil.

Russian gas exporters' profit decreased by three times, while Turkey saved $2B thanks to Russian oil.

Previous Main Topics