High-ranking representatives of Ukraine will take part in the spring meetings of the International Monetary Fund and the World Bank, people familiar with the matter say.

Prime Minister of Ukraine Shmygal, as well as Finance Minister Serhiy Marchenko and the head of the National Bank Kirill Shevchenko will hold bilateral meetings with representatives of financial institutions of the G7 countries and will take part in a round table on Ukraine, which will be held on Thursday at the World Bank.

It is expected that the discussion will focus on issues related to the consequences of the war that Russia unleashed against Ukraine, Voice of America reports..

Recall that the IMF intends to lower the forecast for global economic growth due to this war.

Thursday's meeting is expected to be more like a round table than a donor conference, although the IMF and World Bank have opened special accounts to collect and transfer donations.

This format will give officials the opportunity to discuss the economic consequences of the war, as well as the further functioning of the banking and financial sector in Ukraine..

“Without support today, there will be no recovery in the future,” one of the sources stated ahead of the meeting..

World Bank President David Malpass told an event in Warsaw this week that the bank is preparing a $1.5 billion aid package for Ukraine..