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Russia attacked Kyiv with ballistic missiles
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12-11-2023 1:00 p.m. EST
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ARTICLE: In D.C. Ukraine meets with Managing Director of IMF
President of Ukraine met with the IMF Managing Director in Washington
President of Ukraine
Official website
11 December 2023 - 23:06
https://www.president.gov.ua/en/news/u-vashingtoni-prezident-ukrayini-zustrivsya-z-direktorkoyu-r-87677
During his working visit to the United States, President of Ukraine Volodymyr Zelenskyy met with Managing Director of the International Monetary Fund Kristalina Georgieva.
The Head of State expressed gratitude for the IMF’s significant support being provided to Ukraine since the first days of Russia’s full-scale armed aggression.
“This great support is very important for Ukraine and the Ukrainian people. In times of war, a secure financial system is crucial,” he said.
For her part, Kristalina Georgieva emphasized that the Fund is proud of what Ukraine has achieved in these difficult circumstances.
“Ukraine shows excellent performance. We forecast Ukraine’s GDP growth to reach 4.5% this year. In the third quarter of this year, GDP grew by 9.3% compared to the third quarter of 2022, which is simply incredible. Inflation in November dropped sharply to 5.1%, which is a dream for many countries that are not at war,” said the IMF Managing Director.
According to the President, Ukraine’s unblocking of civilian navigation in the Black Sea and the functioning of the “grain corridor” had an additional positive impact on the economy.
During the meeting, the implementation of a long-term financing program for Ukraine in the amount of $15.6 billion by the Fund was highlighted.
Volodymyr Zelenskyy and Kristalina Georgieva discussed the implementation of the long-term financing program, in particular, Ukraine’s fulfillment of the IMF’s structural benchmarks.
The President expressed gratitude for the IMF Board of Directors’ decision to allocate a $900 million tranche to our country.
The parties discussed in detail possible ways of external financing for Ukraine in 2024 and further joint steps to mobilize financial support for our country from international partners.
The Head of State and the IMF Managing Director discussed Ukraine’s European integration. Volodymyr Zelenskyy said that our country had fulfilled all the necessary recommendations.
The parties also exchanged views on the need to develop an effective mechanism for using frozen Russian assets for the benefit of Ukraine, in particular as a source of alternative budgetary support and investment aimed at the reconstruction of our country.