The IMF allocates 1.4 billion dollars to Ukraine. US emergency funding
The International Monetary Fund Executive Board has approved $ 1.4 billion in the Rapid Financing Facility (RFI) to help meet urgent financing needs and mitigate the economic impact of the war. UKRAINE , UKRAINEGATE , 10 , MARCH , 2022 | Economy
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Following the discussion of the Executive Board, Kristalina Georgieva, Managing Director and Chairman, made the following statement:
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“Russia’s military invasion of Ukraine has caused a major humanitarian and economic crisis. Tragic deaths, huge flows of refugees and huge destruction of infrastructure and productive capacity are causing serious human suffering and deep recession this year. Funding needs are high, urgent and urgent. as the war continues, “Georgieva said.
The funds received under the RFI program will help finance the priority expenditures of the state budget and support Ukraine’s balance of payments.
“We are grateful to the Foundation for the prompt response to our request and hope to complete all procedures related to the receipt of funds as soon as possible. Immediate support of international partners in such a difficult time for our country is extremely important,” said Kyrylo Shevchenko. .
Source: Ukrgate
