“Ukraine and the IMF have agreed to increase funding needs by the end of 2027. Most of the funds can be provided by frozen assets of the Russian Federation. About it reports Bloomberg. The International Monetary Fund has convinced the Government of Ukraine to significantly increase the forecast of additional funds that will be needed by the country by the end of 2027. It is about $ 65 billion, while earlier Kyiv”, – WRITE ON: ua.news
Ukraine and the IMF have agreed to increase funding needs by the end of 2027. Most of the funds can be provided by frozen assets of the Russian Federation.
About it reports Bloomberg.
The International Monetary Fund has convinced the Government of Ukraine to significantly increase the forecast of additional funds that will be needed by the country by the end of 2027. It is $ 65 billion, while earlier Kyiv estimated a shortage of 38 billion.
Bloomberg sources note that the prognosis was revised to increase after discussions with the IMF. Officially, the parties do not yet comment on the details of the negotiations.
Earlier it was reported that in Kiev and the IMF there were various estimates of financing needs. Ukraine has already exhausted most of the resources under the current program of $ 15.5 billion, which is valid by 2027, and the new credit package is planned for a period of four years. Negotiations on its parameters should take place in November, and the amount of funding under discussion can be about $ 8 billion.
The calculations were agreed with the IMF and have already transferred to the European Commission. The EU plans to cover a large part of the amount at the expense of frozen Russian assets as the main donor of Ukraine. Previously, it was only about income from these assets, but now Brussels is considering the use of money.
The increase in needs is related to the increase in the military budget of Ukraine and the risks to financial stability, and a separate challenge is a decrease in the United States’s readiness to continue support, especially under Donald Trump administration.
On September 23, President Volodymyr Zelenskyy will meet with Trump in the fields of the UN General Assembly in New York. In addition, other bilateral negotiations on assistance and support of Ukraine are planned.
On the eve of the IMF, he started discussing a new support program for Ukraine instead of the current one.
During his visit to Kiev, the International Monetary Fund called for Ukraine to fight a decisively with the shadow economy, which, according to the Cabinet of Ministers, exceeds 30% of GDP.
