Janet Yellen, US Treasury Secretary, said at a meeting of the IMF and the World Bank in Washington that Ukraine’s international partners are ready to provide funding for it before the end of the year.
Ukraine’s need for external financing will depend on the timing of the end of the war. If this happens in mid-2024, then, according to the IMF, it will amount to $115 billion. In the event that hostilities continue until the end of 2025, the country’s need for external support may reach $140 billion, writes “Voice of America”.
In total, the cost of restoring Ukraine is estimated by the World Bank at $411 billion. According to Ms. Yellen, donor countries will coordinate long-term assistance to Ukraine through a separate platform and will provide funds for urgent recovery, such as repairs to the energy grid.
A week ago, the International Monetary Fund approved a $15.6 billion bailout package, but said there were “extraordinary risks” to the program.
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