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IMF and WB head to discuss assistance to Ukraine

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Financial institutions aim to keep the economy functioning and prevent a sharp rise in inflation in Ukraine.

World Bank leaders David Malpass and International Monetary Fund Kristalina Georgieva will meet with Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko on April 21 to discuss additional financial assistance to Ukraine. On Tuesday, April 19, CNN reported.

“We will have an important meeting on Thursday where we will talk with the Prime Minister of Ukraine and the Minister of Finance. Some of the countries that support Ukraine are present, and we hope that both countries will provide assistance as they try. live the battles, ” – said the President of the World Bank in a panel discussion with the Managing Director of the IMF.

The meeting will consider the question of how to “most effectively” carry out the stage of reconstruction of Ukraine after the end of the war.

The head of the IMF recalled that over the weekend he talked to President Volodymyr Zelensky about Ukraine’s “reconstruction” after repelling Russia’s attack, as well as maintaining economic functioning as the war continues.

Georgieva said there was a promise to support Ukraine in the next few months and it would require more financial assistance than has already been given.

“We have provided $ 1.4 billion in emergency funding, but more will be needed and it will be a great investment over the next few months to keep the economy functioning and prevent rising inflation,” he said.

Recall, the International Monetary Fund has already provided Ukraine with emergency financing in the amount of $ 1.4 billion, and also opened a special account that provides a safe way to further supply the country.

Also, the organization believes that the consequences of the war between Russia and Ukraine affect the economies of 143 countries, which account for 86% of world GDP.

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Source: korrespondent

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