Ukraine Needs $4 Billion a Month to Keep Government Operating: IMF
Ukraine needs between $3 billion and $4 billion a month in financial help to ensure its government does not collapse amid its ongoing conflict with Russia, the International Monetary Fund (IMF) said on Wednesday.
“Indeed, the Ukrainian authorities have done an impressive job in managing their economy through extremely difficult circumstances following Russia’s invasion,” IMF Managing Director Kristalina Georgieva said at the Second Ministerial Roundtable Discussion for Support to Ukraine in Washington, D.C.
Despite this, Georgieva said Ukraine’s financing needs will remain strong throughout next year.
“This requires actions on the part of the authorities but importantly also the international community,” Georgieva said. “The external financing requirement will remain large as long as the war is ongoing. Our current thinking is that the financing requirements will be around US$3-US$4 billion per month in 2023.”…