The International Monetary Fund (IMF) begins meetings in Ukraine on Sunday to
discuss the country’s economic situation with government officials and other stakeholders there, IMF country representative Vahram Stepanyan said on Sunday. “An IMF team, led by Uma Ramakrishnan, deputy director of the Fund’s European department, begins meetings today in Kiev with Ukrainian authorities and other interested parties,” Vahram Stepanyan said in a statement.
A total endowment of 115 billion dollars
The MEDC provides financial assistance to countries facing significant financial challenges. Ukraine’s economy has been hit hard since the Russian invasion of Russia began in February 2022, and the government has relied heavily on Western aid to fund social and humanitarian needs.
The IMF announced last week that it had begun the second review of the aid plan for a total of 15.6 billion dollars granted in March. The four-year program is part of an overall $115 billion package aimed at supporting the country’s economy.
Source: BFM TV
