Thirty-eight billion dollars to cover Ukraine’s budget deficit next year. Plus another 17 for reconstruction costs and 5 for energy and heating costs. These are the requests made by the Ukrainian president, Volodymyr Zelensky, to the IMF.
Thirty-eight billion dollars to cover Ukraine’s budget deficit next year. Plus another 17 for reconstruction costs and 5 for energy and heating costs.
These are the requests made by the Ukrainian president, Volodymyr Zelensky, to a table dedicated to his country during the autumn meetings of the International Monetary Fund and the World Bank.
The Ukrainian leader spoke in a video conference listing three chapters of intervention. The first is the request to set up a “permanent working group” to estimate Ukraine’s financial needs and coordinate the collection among the contributing countries.
Secondly, he asked to “intensify collaboration for assistance and the reconstruction of what is being destroyed”. Third, Zelensky asked for “specific instruments to support investments and stimulate the economy” and in particular “we need a mechanism to insure projects from military risks”.
“These days we have become the target of a Russian terrorist attack with over 100 bombings, missile attacks and drone attacks – he said -. A third of the energy infrastructure has been damaged. The man who appropriated Russia will not stop until he does. let’s force Russia to peace, with him or without him, “he said in reference to President Valdimir Putin.
“The more assistance Ukraine will get before the war ends. A cruel war that if Ukraine holds up will not spread to other countries. With Russia increasing intimidation we must respond with even greater force. And this – concluded Zelensky – it is possible with your support “.
The director of the International Monetary Fund, Kristalina Georgieva, responded positively to the request on the permanent forum, stating that it will be set up as soon as possible. While according to the US Treasury Secretary of State, Janet Yellen, aid disbursements must increase.