Ukraine’s allies are pushing the IMF to finalise plans for a multibillion-dollar lending programme as they seek to strengthen the war-torn country’s finances.
The fund’s representatives are planning to meet Ukrainian officials in Warsaw in mid-February to advance discussions over a loan that could range from $14bn-$16bn, said officials familiar with the talks. The goal is to finalise it by the spring.
Ukraine has said it is facing a $38bn deficit this year, while the World Bank has estimated that more than half of its energy infrastructure has been destroyed by Russian attacks, compounding the pressure on its economy.
To cover the financing gap, the EU has put forward €18bn in a package agreed between its member states in December. But the bloc and other major partners of Kyiv want international lenders to accelerate their efforts to provide further support.
“The expectation is that other international donors including other G7 and international financial institutions would cover the rest of the financing need,” said Valdis Dombrovskis, European Commission executive vice-president, during meetings in Kyiv.