IMF chief Georgieva visits Irpin, meets with Zelenskyy

21 February, 05:43 AM
Volodymyr Zelenskyy and Kristalina Georgieva in Kyiv on February 20, 2023 (Photo:Office of the President)

Volodymyr Zelenskyy and Kristalina Georgieva in Kyiv on February 20, 2023 (Photo:Office of the President)

Ukrainian President Volodymyr Zelenskyy met with IMF Managing Director Kristalina Georgieva in Kyiv, press service of the President's Office reported on Feb. 20.

Georgieva said she closely follows developments in Ukraine and praised the activities of the Ukrainian authorities and institutions, which "continue to work despite the full-scale Russian invasion."

“I was struck by the fact that the country and the government are functioning very well in these extraordinary conditions of the invasion,” said Georgieva.

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“I wanted to see it. When I speak tomorrow with the IMF board of directors, I will say that this is indeed a country that is doing very well and (functions) effectively, despite the terrible attack on its people, on its territory.”

Georgieva visited Irpin and said that she was struck by how the city's social infrastructure and networks quickly recovered and are working again. Zelenskyy thanked the head of the IMF for her support, adding that it allows Ukraine to remain standing.

“This is also a weapon – an economic weapon that allows us, our society, our businesses to develop,” Zelenskyy said.

“We really want for the business to continue developing, for investments to come, and we know that the IMF always sends the right signals with its actions, so we are very grateful for this signal.”

Ukrainian PM Denys Shmyhal later said in a Telegram post that he and Georgieva discussed the mechanisms of financial support for Ukraine. He added that Ukraine is counting on a new IMF funding program, worth more than $15 billion.

“The IMF program is planned to consist of two parts: immediate financial support and support for structural reforms that will contribute to recovery,” Shmyhal said.

On Feb. 17, the IMF mission and representatives of Ukraine agreed to revise the monitoring program, with the involvement of the fund’s Board of Directors.

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