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Reuters
Reuters
Business
By Andrea Shalal and David Lawder

Ukraine's Zelenskiy appeals for $55 billion to cover budget gap and reconstruction

FILE PHOTO: The International Monetary Fund Managing Director, Kristalina Georgieva, speaks at a conference in Riyadh, Saudi Arabia, October 3, 2022. REUTERS/Ahmed Yosri

Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their financial support, saying more money was needed to rebuild schools and homes destroyed by months of Russian bombardment.

Zelenskiy, speaking by video link to finance ministers at the World Bank and International Monetary Fund annual meetings in Washington, said Ukraine needed about $55 billion - $38 billion to cover next year's estimated budget deficit, and another $17 billion to start to rebuild critical infrastructure, including schools, housing and energy facilities.

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