Kristalina Georgieva noted that Ukraine, despite the war, has reduced inflation and renewed prospects for economic growth.
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The International Monetary Fund (IMF) announced Ukraine’s economic achievements and cited a need for $42 billion in financing. This is what IMF Managing Director Kristalina Georgieva said in an interview with CNBC.
According to him, Ukraine “fully deserves this money” because it has some important economic achievements.
“I’ll say it straight: Ukraine got the support of the international community by its very careful internal actions. They collected taxes for 36% of the GDP. I don’t know many countries that do this even without war, ” he emphasized.
The official also added that despite the war, Ukraine managed to reduce inflation from 27% to 5%, as well as restore economic growth prospects to 4.5%.
Georgieva added that without international support there is a risk of losing all these achievements.
The IMF representative added that the European Union already supports a financial aid package for Ukraine. Georgieva hopes that the US Congress will also approve support for Ukraine.
We previously wrote that negotiations took place in Kyiv between representatives of the Ukrainian government and the delegation of the International Monetary Fund.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.