IMF board approves $900 mln in funds of Ukraine as IMF chief Georgieva meets zelenskiy.
IMF Board approves $900 mln in funds of Ukraine as IMF chief Georgieva meets zelenskiy.
The International Monetary funds executive board IMS on Monday approved 900 million disbursement for Ukraine from its 15.6 billion loan programs hours before IMF chief crystallina jio net with Ukrainian presidents volodymyr zelenskiy.
IMF board approves $900 mln in funds of Ukraine
Georgieva met with zelenskiy for nearly and harvards at I amf headquarters in wassington and told him the IMF executive board us support for Ukraine apart from one country IMF official set in a clear reference to Russia.
The board approved a stop agreement reached last month with Ukrainian authorities after the second review of kyiv’s progress on a 4 year extended found facility loan approved earlier this year that Paves the way for 900 million disbrushment bringing total IMF founding for Ukraine this year to 4.5 billion.
The efff continuous to provide a strong anchor for the authoriots economic program and its implementation has been broadly on track despite the extremely challenging back drop the IMF said in a statement.
Georgieva Said Ukraine economy had provine resilient despite Russia inventions on February 2022 and enormous social and economic costs is posed.
Looking ahead where is the recovery is expected to continue the outlook has significant risk steaming menely from the exceptionally high were related uncurrently your Jeeva said in a statement it is also critical that external financing on concessional terms continue on a timely and predictable basis.
Zelenskiy is in Washington to meet with US President Joe biden and top congratulational official as he six to so up support for continued us security assistant to help kyiv continue its fight against Russia inventions.
Ukraine has received more than 68.5 billion in but get agree sports sense the war started finance ministery data shows.
It’s government expected the budget deficit of about 43 billion in 2024 and plans to cover it with domestic borrowing and financial aid from its Western partners but you cranian official are growing right about the certainty of financing and some analyst predict Western edge could start diminishing next year.
Gavin grey the IMF mission chief for Ukraine called on Ukraine to conduct an ambitious external commercial dipped the structering in the first half of 2024 to help restore debt sustainability
Great told reporters the IMF head upgraded ukraine’s growth forecast for 2023 to 4.5% from an ear range of 1% 2 3% and expected growth of 3% to 4% in 2024 sitting what he called the mark able wrestlers of the economy is second official set 2023 growth could potentially exceed 4.5%.
Aaj ke Bhav possible International do not fatigue grey said you crane continue to face risk on securing external financing but they were not netralay higher than during first review of ukraines 15.6 billion loan programs.
He said the IMF would conduct a third review under the efff loan in the spring and would be looking for moves by Ukraine to bolster its tax revenues.
