• 12/04/2024 20:54

The IMF warned of serious problems for the Ukrainian economy

 The IMF warned of serious problems for the Ukrainian economy

The resumption of economic indicators will depend on the situation at the front.

The economy of Ukraine was able to restore stability in during a full-scale war with Russia. But in 2024, the situation may become more complicated.

This was stated by the head of the International Monetary Fund (IMF), Kristalina Georgieva.

“Russia’s invasion of Ukraine continues to bring enormous social and economic costs to Ukraine. However, macroeconomic and financial stability has been maintained, which reflects the skillful policies of the Ukrainian authorities, as well as significant external support,” she said.

The organization says that in 2023 the Ukrainian economy grew by 5%, while in 2022 the decline rate was 29.1%. Economic growth is expected to decline again in 2024, tentatively to 3-4%.

“The recovery is expected to slow somewhat going forward given the extremely high risks to the outlook, driven primarily by exceptionally high uncertainty related to the war, as well as potential delays in external financing,” added Georgieva.

It became known earlier that the IMF approved a tranche for Ukraine in the amount of $880 million. p>

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