Ukraine Advances in Securing New IMF Financial Assistance

Ukraine's President, Volodymyr Zelenskiy, held discussions with Kristalina Georgieva, the Managing Director of the International Monetary Fund, about launching a new financial assistance programme tailored for Ukraine's needs during and post-war.

Zelenskiy communicated through the Telegram app that this new programme aims to strengthen Ukraine's economy as the nation continues to navigate the challenges posed by the ongoing conflict with Russia.

With Ukraine's existing $15.5 billion programme with the IMF set to expire in 2027, analysts warn that if Russia's attacks persist and reform demands from foreign lenders are not met, Ukraine's financing gap will become more pronounced next year.

(With inputs from agencies.)