Ukraine to receive monthly assistance for $5B from IMF and partners

Ukraine needs $5 billion a month in support from international partners to fulfill all its social and humanitarian obligations to the people of the country who suffer from the war, Prime Minister of Ukraine Denys Shmyhal said during the nationwide telethon, Report informs referring to Ukrinform.

“We reveal a figure confirmed by the International Monetary Fund and the World Bank – $5 billion a month. These are the funds that the budget of Ukraine needs in order to fulfill all social and humanitarian obligations to the people of our country who suffer from the war,” he noted.

The IMF has already created a special account through which international partners will provide financial support to Ukraine to meet the balance of payments, budget needs, and stabilize the economy.

“We agreed that the International Monetary Fund, like many other organizations and donors, will support Ukraine financially. We are facing unprecedented challenges today, and the world understands that,” he added.

The International Monetary Fund stated that it supported Ukraine’s strategy of speedy economic recovery, especially in regions where there are no active military operations, and was ready to look for ways to provide financial assistance.