Head of Mission IMF Gavin Gray said that the war in Ukraine will continue into 2025. This will lead to a long-term economic burden that can be considered a real blow to the Ukrainian economy. However, Gray explained how Kyiv will cope with this challenge.
About URA-Inform reports this, citing the IMF website.
Gray sees several sources of financing for Ukraine's needs. First, the fund is considering the possibility of including frozen Russian assets in the program with Ukraine, but there are no guarantees yet G7 countries that these funds will be available. The situation should become clearer in September.
Secondly, Ukraine can count on donor assistance, which, according to the IMF representative, will be significant.
Third, the country needs to look for internal resources and review its tax policy. Gray emphasizes that raising taxes and adopting a tax package will facilitate further support for Ukraine from international partners. Therefore, although such a step will hit the standard of living of Ukrainians, it is necessary for victory.
Gray believes that debt restructuring, tax increases and international support should be considered as a single package of measures to eliminate the financing deficit of Ukraine.
p>
Against this background, it is worth recalling that in the fall, food prices in Ukraine may rise sharply: an insider said that they will become more expensive.