French Economy Minister calls on the IMF to allocate 15 billion euros to Ukraine

20 February 2023, 19:21 | Finance and Banking
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French Minister of Economy and Finance Bruno Le Maire called on the International Monetary Fund to provide Ukraine with financing in the amount of 15 billion euros over four years. Such a loan program is already being considered by the world, Le Figaro writes, citing Le Maire..

“We are working on an IMF program for Ukraine, the volume of which could be about 15 billion euros for four years.. In addition to the support provided by Europe, in addition to the support provided by the G7 countries, it is important that the IMF mobilizes for Ukraine,” he said..

The politician also called on the international community to tighten economic sanctions against Russia.. According to the minister, restrictive measures against Russia are an effective and long-term tool that affects various areas of the aggressor state.

" ) made it possible to almost halve Russia's oil revenues, completely disrupting Russian value chains, especially in such strategic industries as aviation or automotive,"

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His statement was made on the eve of a meeting of finance ministers and heads of central banks of the G20 states, which is to be held in the Indian city of Bangalore on February 23-25, on the anniversary of the start of a full-scale war between Russia and Ukraine..

Formerly ZN. UA learned that on Monday, February 20, Managing Director of the International Monetary Fund Kristalina Georgieva arrived in Kyiv to hold a series of high-level meetings.

As agreements on a new cooperation program with the IMF were already reached at the staff level last week, Georgieva’s visit is a sign that the IMF will support Ukraine at the board level as well..

According to the agreements, one structural beacon is assigned to the National Bank in the monitoring program - this is the development of terms of reference for the diagnostic examination of banks. Among the most important objectives of the PMB assigned to the NBU are: ensuring an adequate level of international reserves, as well as refusing to directly finance the budget deficit by the National Bank in 2023.




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