https://sputnikglobe.com/20230411/ukraine-conflict-takes-attention-away-from-other-things-that-matter-more---imf-chief-1109369989.html
IMF Chief: Ukraine Conflict Takes Attention Away From ‘Other Things That Matter More’
IMF Chief: Ukraine Conflict Takes Attention Away From ‘Other Things That Matter More’
Sputnik International
The continuing conflict in Ukraine is taking away attention from the other issues that "matter more," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday.
2023-04-11T23:13+0000
2023-04-11T23:13+0000
2023-04-12T04:29+0000
world
imf
ukraine crisis
kristalina georgieva
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"I have a particularly deep regret that the war in Ukraine is still going on," Georgieva said. "But it takes away attention from the work concentrated on the other things that matter more." In attempting to answer the question of what may happen next, Georgieva noted that defense expenditures are going up amid a challenging economic situation. Earlier in April, Ukraine received from the IMF the first tranche of $2.7 billion under a new financing program. The IMF Executive Board approved on March 31 a provision of $15.6 billion for Ukraine as part of a four-year loan program - the largest for the country so far and the first significant financing package for a country involved in a conflict.At the time, IMF Deputy Managing Director Gita Gopinath stated that the four-year initiative would work to "anchor macroeconomic and financial stability as well as to undertake critical structural reforms as the war continues."The IMF has indicated that should the conflict continue in 2025, it would effectively raise Ukraine's financial needs from $115 billion to roughly $140 billion.
https://sputnikglobe.com/20230322/imf-says-reached-staff-level-agreement-on-156-billion-loan-program-for-ukraine-1108667305.html
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IMF Chief: Ukraine Conflict Takes Attention Away From ‘Other Things That Matter More’
23:13 GMT 11.04.2023 (Updated: 04:29 GMT 12.04.2023) WASHINGTON (Sputnik) - The continuing conflict in Ukraine is taking away attention from the other issues that "matter more," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Tuesday.
"I have a particularly deep regret that the war in Ukraine is still going on," Georgieva said. "But it takes away attention from the work concentrated on the other things that matter more."
In attempting to answer the question of what may happen next, Georgieva noted that defense expenditures are going up amid a challenging economic situation.
Earlier in April, Ukraine received from the IMF the first tranche of $2.7 billion under a new financing program.
The IMF Executive Board approved on March 31 a provision of $15.6 billion for Ukraine as part of a four-year loan program - the largest for the country so far and the first significant financing package for a country involved in a conflict.
At the time, IMF Deputy Managing Director Gita Gopinath stated that the four-year initiative would work to "anchor macroeconomic and financial stability as well as to undertake critical structural reforms as the war continues."
The IMF has indicated that should the conflict continue in 2025, it would effectively raise Ukraine's financial needs from $115 billion to roughly $140 billion.
