The Fund, together with international partners, is preparing for a massive effort to restore Ukraine.
The International Monetary Fund is preparing to return Ukraine after the war with Russia. Managing Director of the fund Kristalina Georgieva spoke about the intentions of the fund.
“From world experience, we know that conflict is the enemy of development and prosperity. The high cost of war has crippled and continues to be detrimental to many countries. Because we hope for peace, we must do everything possible. it is possible to help Ukraine and all affected countries, ”he said. he that.
According to him, the fund has already provided Ukraine with $ 1.4 billion in emergency funding, as well as opened a special account that provides a safe way to further supply the country.
“And together with international partners, we are preparing for the massive recovery effort that will be required,” Georgieva added.
In addition, the IMF is working to support neighboring countries that receive Ukrainian refugees.
According to IMF forecasts, due to the war, Ukraine’s GDP is expected to decrease by a third. After the war, great efforts would be needed to bring Ukraine back.
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Source: korrespondent
