This aid, which needs the approval of Congress, will allow Ukraine to keep the government functioningwith the payment of salaries and pensions, and prevent the humanitarian situation from worseningthe official specified.
The territory led by Volodymyr Zelensky, which was invaded by Russia on February 24, suffers huge financial problems after the destruction of infrastructure, the closure of businesses and the reduction of activity.
The war also heavily affects the important agricultural sector.
Ukrainian officials have informed the International Monetary Fund (IMF) that need 5,000 million dollars (4,590 million euros) per month so that the country’s economy continues to function, the general director of the institution, Kristalina Georgieva, said on Wednesday.
The IMF expects a 35% contraction of Ukraine’s GDP this year.
Georgieva called on countries to provide financial support to Ukraine so that the government can continue to function.
Treasury Deputy Secretary Wally Adeyemo will also attend Thursday’s meeting, as well as Ukrainian Finance Minister Sergey Marchenko, who participated in the G20 meeting on Wednesday even though Ukraine is not a member.
Several G20 finance ministers and central bank governors walked out of the plenary session or turned off their screens to protest Russia’s presence.
Source: Ambito
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