This Wednesday, the executive board of the International Monetary Fund (IMF) approved aid for US$ 1,400 million for Ukraine, within the framework of the warlike conflict with Russia.
The resource package is given to “mitigate the economic impact” that Ukraine suffers in the midst of the war.
Likewise, the IMF details that the approved amount matches that requested by the government of Volodímir Zelenskisince it will allow “meeting urgent financing needs”.
The importance of economic support to Ukraine
In this line, it is worth emphasizing that from the Institute for International Economics, they point out that as the Ukrainian economy is collapsing, the support of the international community is “vital for the Government to continue functioning.”
As long as Kiev cannot collect taxes – they add – “it is absolutely crucial that the international community provides rapid assistance not only for humanitarian purposes, but to maintain some basic functions of the Government”.
It is worth remembering that the United States will disburse US$ 13.6 billion to Ukraine. Of this amount, US$1.8 billion is used to ensure “government continuity”, prevent cyberattacks and support the energy sector.
On the other hand, the World Bank contributed US$500 million of a package of US$3,000 million.
Source: EFE and AFP.
Source: Larepublica
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