IMF head: Delays in financial aid could undermine recovery of Ukraine's economy

IMF head: Delays in financial aid could undermine recovery of Ukraine's economy

Allies' delay in providing additional financial aid to Ukraine will jeopardize the recovery of the country's economy. This was stated by the head of the International Monetary Fund, Kristalina Georgieva, in an interview with the Financial Times.


According to Georgieva, Ukraine can cope with the likely short-term funding shortfall in "a few months." She also praised the authorities for revitalizing the economy, taming inflation and strengthening the tax base.


But Ukraine's economic recovery could be jeopardized as the European Union and the United States are still haggling over funding packages for the country. Further delays, the IMF chief noted, could force Ukraine to return to destabilizing policies such as money printing.

"It's important not to prolong this period (of uncertainty in aid), because then it will put more pressure on Ukraine... just when the country has returned to better prospects for the economy," Georgieva said.


But, according to her, she remains optimistic that Ukraine will receive funding from the EU and the US.





Allies' delay in providing additional financial aid to Ukraine will jeopardize the recovery of the country's economy. This was stated by the head of the International Monetary Fund, Kristalina Georgieva, in an interview with the Financial Times.


According to Georgieva, Ukraine can cope with the likely short-term funding shortfall in "a few months." She also praised the authorities for revitalizing the economy, taming inflation and strengthening the tax base.


But Ukraine's economic recovery could be jeopardized as the European Union and the United States are still haggling over funding packages for the country. Further delays, the IMF chief noted, could force Ukraine to return to destabilizing policies such as money printing.

"It's important not to prolong this period (of uncertainty in aid), because then it will put more pressure on Ukraine... just when the country has returned to better prospects for the economy," Georgieva said.


But, according to her, she remains optimistic that Ukraine will receive funding from the EU and the US.