Russia’s IMF representative, Alexei Mozhin, said that Western countries asked the leadership of the International Monetary Fund (IMF) to provide Ukraine with a loan program by the end of this month. reported that TASS.
According to him, the IMF “in its entire history has never provided loans to a country in an acute phase of war.”
The IMF Executive Board is discussing the possibility of making a loan to Ukraine subject only to US guarantees,” he said.
It was previously reported that the leadership of the International Monetary Fund (IMF) would arrive in the coming days. will announce On approval of the loan program for Ukraine. The amount of financial aid to be given to the country will be 15.6 billion dollars.
The financial aid program will be designed for four years. Negotiations with the Ukrainian authorities were held in Warsaw from March 8-15. The article states that the loan program will help Kiev compensate for the “massive” budget financing deficit resulting from the ongoing conflict with Russia.
On February 27, the Interfax agency reported that the political alliance has increased its budgetary and economic support commitments to Ukraine to $39 billion in 2023, citing a joint statement by the finance ministers and the heads of the central banks of the G7 countries. it also called for the implementation of a credible, massive, fully funded IMF program with the “right conditions”.