Ukrainian Prime Minister Denys Shmyhal and senior Ukrainian finance officials will visit Washington next week during the spring meetings of the International Monetary Fund and the World Bank, sources familiar with the plans said Friday. A meeting is scheduled to be held in conjunction with the seven-nation finance officials, and to take part in a Ukraine-led World Bank issue on Thursday, sources said.
Ukrainian officials
Thursday’s event will be the first opportunity for key Ukrainian officials to meet with hundreds of financial officials from economically developed countries since Russia invaded Ukraine on February 24. Russia’s wars in Ukraine are expected to intensify at next week’s summit of top economists. officials of the World Bank and member states of the IMF, as well as the G7 and G20, and the IMF are ready to lower their forecast for global growth as a result of the war.
The Russian president sent his troops
Russian President Vladimir Putin has sent troops to Ukraine in what he calls a “special military operation” to end the war and “destroy” Ukraine. Kyiv and its Western allies say that these are just some of the reasons for the brutal war that has engulfed a quarter of Ukraine. Some 44 million people were displaced from their homes, resulting in thousands of deaths.
The IMF and the World Bank have announced
Thursday’s meeting will be bigger than the sponsors’ conference, although both the IMF and the World Bank have set up separate accounts to process and transfer donations, and more promises are expected next week. an opportunity to discuss the physical damage and economic consequences of the war, as well as the continued operation of the Ukrainian banking and financial sector. The World Bank has no immediate comment on the event. World Bank President David Malpass told Warsaw this week that the bank was preparing a $ 1.5 billion .
The IMF executive committee last week approved the creation of a new account that gives international and international donors a secure way to send financial services to Ukraine. a new account, to be managed by the IMF.
Grants and loans to help Ukrainian
The account will allow donors to provide grants and loans to help the Ukrainian government meet the balance of payments and budget requirements and help stabilize its economy as it continues to defend itself against Russia’s deadly attacks. Marchenko last week said his government wanted four billion euros. ($ 4.37 billion) in foreign currency in excess of the $ 3 billion it has already received to address the budget deficit.
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