Ukraine needs $7 billion a month to compensate for war, says Zelensky
A destroyed market in Sievierodonetsk, April 16, 2022. REUTERS - SERHII NUZHNENKO
Text by: RFI Follow
1 min
“
And we will need hundreds of billions of dollars for reconstruction
”, added the Ukrainian president during a speech at a round table devoted to the assistance to Ukraine within the framework of the meetings of the IMF and the Bank world in Washington.
Advertisement
Read more
Seven billion dollars a month.
This is the amount mentioned by the Ukrainian President,
Volodymyr Zelensky,
necessary for Ukraine to compensate for the economic losses due to
the war launched by Russia on its territory.
"
Despite all the difficulties, our country continues to fulfill all its obligations in terms of social assistance, pension payments, salaries (of civil servants) (...) and all this costs around 7 billion US dollars per month to our budget
," said Prime Minister Denys Shmyhal, who is attending the IMF-World Bank roundtable in person.
IMF recommends donations
A few days earlier, Ukrainian officials had informed the International Monetary Fund
of a need for 5 billion dollars per month
to continue to operate the country's economy at least for the next few months, said Wednesday the director general of the IMF.
Ukrainian officials had, a little earlier, informed the International Monetary Fund of a need for 5 billion dollars per month to support the economy.
IMF Managing Director Kristalina Georgieva reiterated her commitment to Ukraine, and recommends helping the government through grants rather than loans to avoid increasing the country's debt.
In addition to a call for financial aid, the Ukrainian head of state also urged to “
immediately exclude Russia from all international financial institutions
”.
Newsletter
Receive all the international news directly in your mailbox
I subscribe
Follow all the international news by downloading the RFI application
google-play-badge_EN
Ukraine
Russia
Economy
IMF