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Tribune News Service
Tribune News Service
World
Eric Martin and Christopher Condon

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

“Our current thinking is that the financing requirements” will be around $3 billion to $4 billion a month, Kristalina Georgieva said at a meeting in Washington on Wednesday to discuss global economic support for Ukraine, according to a draft text of her comments.

Developments in the war “could push financing needs beyond this range,” as the government seeks to maintain basic social services, repair infrastructure and import energy, Georgieva said. “This requires actions on the part of the authorities but importantly also the international community.”

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