The need for external financing for Ukraine is 150 billion dollars.
The Director of the IMF European Department, Alfred Kemmer, called the main threat to Ukraine in 2025 that the war will continue longer, causing suffering to the population, and it will be very difficult to stop.
He spoke about this in an interview with the Voice of America.
According to Alfred Kemmer, the IMF will pay more attention to structural reforms, including medium-term revenues, and prepare this foundation for Ukraine's success.
“This is a strategic priority. The shadow of a terrible war still hangs over it,” he said.
Kremmer called the $50 billion loan announced by the United States and allies a very important decision.
“We have been talking with the Ukrainian government for the past few months about how to close the financing gap that has opened up because the war has lasted longer than anyone expected and more budget financing is needed. The need for external financing now is $150 billion, and this loan helps the Ukrainian government maintain macroeconomic stability during the war, and create the foundations for medium-term growth and recovery,” he said.
Kremmer also explained that the worsening forecast for Ukraine's GDP growth is due to Russia's shelling of energy infrastructure, which is hurting the economy. At the same time, he expressed hope that this will not increase the number of Ukrainian refugees in Europe.
“The forecast for next year has been reduced because the war is hitting the economy. Europe has shown great solidarity in recent years and is accepting refugees from Ukraine. But I really hope, and this is also the government's hope, that Ukrainians will be able to stay in Ukraine, they will do everything possible to ensure that Ukrainians are not forced to leave their country,” he said.
Recall that earlier the International Monetary Fund updated the memorandum on economic and financial policy as part of the fifth review of the credit program.
The EU will give Ukraine 35 billion from frozen Russian assets! But on credit!
