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The Independent UK
The Independent UK
National
David McHugh

Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid

Copyright 2023 The Associated Press. All rights reserved

Ukraine's economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure, officials from the International Monetary Fund said Tuesday as they signed off on an initial loan of $900 million and raised their estimate for the country’s economic growth.

The outlook improved to 1% to 3% growth this year from minus 3% to plus 1% in an earlier assessment in March, said Gavin Gray, the IMF's mission chief to Ukraine.

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