Ukraine’s external financing needs in 2024 are $3B higher than previous estimates.

Ukraine has shown outstanding results in the country’s economic management during the war, but its needs in external financing in 2024 will be $3B more, and it is necessary to help Ukraine cope with this task, said IMF Director Kristalina Georgieva.

“I firmly believe that our investments in Ukraine are not charity. They are investments,” she said.

According to her, the preliminary results of the mission for the preparation of the second revision of the EFF program with the IMF show that the country’s economic management, despite conditions of war, is outstanding. Georgieva noted economic recovery is happening faster than initially expected, and growth this year will most likely be at the upper level of the IMF’s forecast of 3%.

“Secondly, we have witnessed the continuation of structural reforms, which are difficult even in peacetime. We also see policies that protect macroeconomic and financial stability, lowering inflation in Ukraine,” the head of the IMF emphasized.