Today: March 02, 2024
Today: March 02, 2024

IMF chief Georgieva to meet with Ukraine's Zelenskiy on Monday -IMF spokesperson

Share This
IMF chief Georgieva to meet with Ukraine's Zelenskiy on Monday -IMF spokesperson
Reuters
Andrea Shalal
December 11, 2023

By Andrea Shalal

WASHINGTON (Reuters) - International Monetary Fund (IMF) chief Kristalina Georgieva will meet with Ukrainian President Volodymyr Zelenskiy in Washington on Monday, an IMF spokesperson said, as the fund's executive board prepared to release more funds from the country's $15.6 billion loan program.

An IMF spokesperson confirmed Georgieva's meeting with Zelenskiy, but gave no time for that meeting or the meeting where the IMF board will review Kyiv's progress on a four-year Extended Fund Facility loan approved earlier this year.

The IMF last month announced a staff-level agreement with Ukraine on updated economic and financial policies, paving the way for a $900 million disbursement, once it is finalized by the board.

At the time, the IMF said the Ukrainian economy continued to show "remarkable resilience" despite Russia's invasion in February 2022, with recent developments pointing to a stronger-than-expected economic recovery in 2023 and continued growth in 2024.

Zelenskiy is also scheduled to meet with U.S. President Joe Biden and top congressional officials while in Washington as he seeks to shore up support for continued U.S. security assistance to help Kyiv continue its fight against Russia's invasion.

Ukraine has received more than $68.5 billion in budgetary support since the war started, finance ministry data shows.

Its government expects a budget deficit of about $43 billion in 2024 and plans to cover it with domestic borrowing and financial aid from its Western partners. But Ukrainian officials are growing worried about the certainty of financing, and some analysts predict Western aid could start diminishing next year.

(Reporting by Andrea Shalal; Editing by Mark Porter and Tomasz Janowski)

Popular

Two buildings damaged, people evacuated after 'incident' in Russia's St Petersburg, governor says

ST PETERSBURG (Reuters) - Two buildings were damaged and people were evacuated in Russia's St Petersburg on Saturday morning after local residents reported a loud explosion that blew out windows.

Oregon lawmakers pass bill to recriminalize drug possession

The Oregon Legislature has passed a bill that recriminalizes the possession of small amounts of drugs

Powerful storm in California and Nevada shuts interstate and dumps snow on mountains

A powerful blizzard is dumping snow in the Sierra Nevada as gusty winds and heavy rain hit lower elevations

Last surviving member of the first team to conquer Mount Everest says it is crowded and dirty now

The only surviving member of the mountaineering expedition that first conquered Mount Everest says the world’s highest peak is too crowded and too dirty and the mountain is a god that needs to be respected

A party like no other? Asia's richest man celebrates son's prenuptials with a star-studded bash

Tycoons from around the world, heads of state, as well as Hollywood and Bollywood stars have descended on the small western Indian city of Jamnagar where billionaire industrialist Mukesh Ambani is kickstarting a big fat wedding celebration for his youngest son

Haruki Murakami unveils his new short story at a Tokyo literary event

Only 1,100 lucky audience members were there to hear the yet-to-be published short story “Kaho,” read aloud by bestselling Japanese author Haruki Murakami himself

Related

Ukrainian troops are rationing ammo. But House Republicans plan to take weeks to consider aid

Shortages of ammo and supplies are quickly resulting in Ukraine losing ground, U.S. congressional leaders warn

'They wanted to humiliate us.' Palestinian women detained by Israel allege abuse in Israeli custody

Palestinians in Gaza returning from wartime detention in Israeli custody are reporting physical abuse and medical neglect inside Israel's network of prisons

US says it takes seriously reports of misbehavior by its envoy to Singapore

WASHINGTON (Reuters) - The White House on Friday said the U.S. government was taking seriously an internal watchdog report that the U.S. ambassador to Singapore threatened his staff and failed to

Japanese ex-soldier wins U.S. award for her fight against sexual harassment

By Akiko Okamoto TOKYO (Reuters) - The United States on Friday said it would honour former Japan Self-Defense Forces soldier Rina Gonoi with the International Women of Courage Award for bringing about

- Advertisement -
Advertisement: Limited Time Offer