Because of Russia’s attack on energy infrastructure, Ukraine will need more help than it does now, experts say.
Damage from Russia’s attack on Ukraine’s infrastructure adds to the amount of aid Ukraine needs on the eve of winter. This was announced on Thursday, December 1, by the head of the International Monetary Fund, Kristalina Georgieva, Reuters reports.
He expressed hope that international partners will continue to provide the necessary support to Ukraine.
“Ukraine cannot get through this year without financial support,” he stressed, praising the steps Ukraine is taking to introduce clear mechanisms for monitoring aid flows to the country and ensuring accountability for large value.
Georgieva said the IMF has already given Ukraine $2.7 billion in emergency financing and agreed to a monitoring program that will pave the way for a formal financing program.
“We at the IMF are working hard to strengthen our own support for Ukraine. Ukraine is in a terrible situation in terms of access to electricity, heating, water. It is dark, cold, scary because in bombing,” the head of the IMF stressed.
He also noted that, according to preliminary estimates, Russia’s attack on Ukraine’s civilian infrastructure has increased the amount of aid the country needs by at least $1 billion.
In this regard, the President of the World Bank, David Malpass, said that the World Bank has allocated $18 billion to Ukraine, with a large part of it coming from the United States and Europe.
He added that he did not notice the fatigue of the world community from the need to provide aid to Ukraine, despite the huge costs of the war. At the same time, Russia’s “great disappointment” with its continuation of the war is growing.
“It was a brutal war that was very disappointing,” Malpass said, adding that Russian officials were now pariahs.
It should be noted that the Government of Canada has finished placing a five-year sovereign bond for 500 million Canadian dollars (about $370 million) to help Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.