Zelenskyy meets with IMF Managing Director in Washington

Zelenskyy meets with IMF Managing Director in Washington

Kyiv  •  UNN

December 11 2023, 11:40 PM  •  43652 views

President Zelenskyy met with IMF chief Kristalina Georgieva, thanking her for her support in the face of Russian aggression and discussing Ukraine's strong economic performance. The IMF forecasts GDP growth of 4.5% and approved a $15.6 billion financing program, with a recent tranche for Ukraine of $900 million.

In the framework of the working visit to the United States, President Volodymyr Zelenskyy met with Managing Director of the International Managing Director of the International Monetary Fund Kristalina Georgieva. This was reported by the Office of the President, UNN reports.

Details

The Head of State expressed gratitude for the significant support provided by the IMF, which has been provided to Ukraine since the first days of full-scale armed aggression of Russia.

For her part, Kristalina Georgieva emphasized that the Fund was is proud of what Ukraine has achieved in these difficult circumstances.

Ukraine has excellent indicators. We forecast GDP growth in Ukraine to reach 4.5% this year. Ukraine's GDP growth this year to 4.5%. In the third quarter of this year, GDP grew by 9.3%. compared to the third quarter of 2022, which is incredible. Inflation in November fell sharply to 5.1%, which is a dream for many countries that are not 12]

said the IMF Managing Director.

According to the President, an additional positive impact on the Ukraine's unblocking of civilian shipping in the Black Sea and the functioning of the and the functioning of the "grain corridor".

During the meeting, the parties noted the implementation of the Fund's program long-term financing for Ukraine in the amount of 15.6 billion US dollars. THE MEETING ALSO EMPHASIZED THE IMPLEMENTATION OF THE FUND'S LONG-TERM FINANCING PROGRAM FOR UKRAINE IN THE AMOUNT OF $15.6 BILLION.

Volodymyr Zelenskyy discussed with Kristalina Georgieva the status of the implementation of the long-term financing program, in particular, the fulfillment Ukraine's fulfillment of the IMF's structural benchmarks.

The President thanked for the decision of the IMF Board of Directors to to allocate a tranche of $900 million to our country. THE PRESIDENT THANKED THE IMF BOARD OF DIRECTORS FOR THE ALLOCATION OF A TRANCHE OF $900 MILLION TO UKRAINE.

Appendix

The parties discussed in detail the possible ways of of external financing for Ukraine in 2024 and further joint steps to to mobilize financial support for our country by international partners.

The Head of State and the IMF Director touched upon the issue of Ukraine's European integration. Volodymyr Zelenskyy said that our country has fulfilled all the necessary recommendations.

In addition, they exchanged views on the need to develop an effective mechanism for using frozen Russian assets in favor of Ukraine, in particular as a source of alternative budgetary support and investment for to rebuild our country.

As a reminder, on December 11

, the International Monetary Fund approved the second revision of the program for Ukraine. This will allow our country to receive a tranche of about $900 million.