The IMF has commented on the possibility of helping Ukraine with war costs

The International Monetary Fund cannot help Ukraine cover its military financial needs. There they will focus on supporting the work of government institutions and their social responsibilities. Alfred Kammer, Director of the European Department of the IMF, said this in an interview with the Voice of America.

“We hope that Ukraine will generate domestic income,” he said in response to a question about whether international donors are ready to increase aid to our country if budget costs increase due to the war.

“I always make it very clear that we expect domestic revenues to develop. A stronger economy, structural reforms that support economic activity, better governance will provide additional tax revenues,” said said Kemmer.

He emphasized that the donors are committed to their economic support particularly in the social part of the budget and the functioning of the government.

“We support and monitor the budget as a whole, and not the individual costs. We and the donors help the government of Ukraine to perform the main functions during the war, such as protecting the vulnerable parts of the population, payment of wages, pensions, payment for education, and It is a financial program in the amount of 122 billion, “explained the representative of the IMF.

According to him, better management will help Ukraine generate additional revenues, especially the National Revenue Strategy, which was approved by the Cabinet of Ministers on December 28 to fulfill the conditions of the Fund program, Kemmer said . According to him, the approach will allow “to receive more income in the budget and support the expenditure needs of this period.” It is also important to build a modern state, and a modern state requires investment.

Earlier it was reported that the Prime Minister of Ukraine Denis Shmygal asked the Ukrainian donors for an emergency meeting.