IMF working on providing support for Ukraine, says IMF chief

2 January, 08:20 PM
Kristalina Georgieva, IMF Managing Director (Photo:Mike Theiler / Reuters)

Kristalina Georgieva, IMF Managing Director (Photo:Mike Theiler / Reuters)

The International Monetary Fund (IMF) is working on providing support for Ukraine, IMF Managing Director Kristalina Georgieva said in an interview with U.S. news channel CBS News on Jan. 1.

She was asked to comment on Ukrainian President Volodymyr Zelenskyy’s expectations to get $55 billion in foreign support in 2023, including $20 billion from the IMF.

“We’re working on providing support for Ukraine,” Georgieva said.

“So far, out to the international financial institutions, we have provided the largest amount of financing for Ukraine – $2.7 billion in emergency financing – and we are working for 2023 to be a significant part of the support for Ukraine.”

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“I expect that sometime early in the year we will go to our board with the request. We have assessed the needs of Ukraine to range somewhere between three and five billion dollars a month.

“What (Russian dictator Vladimir) Putin did with destroying critical infrastructure in Ukraine, this is horrific, and it means that in the next months the country would be more on the high end of this range because it is put in an awful position to have to restore access to electricity, to heat, to water.

“I have relatives in Ukraine. What I know from them is it is cold, it is dark, and it is scary.”

Earlier in late December, Ukraine and the IMF signed a memorandum on economic and financial policy.

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