IMF Believes in Ukraine 

by Olha Povaliaieva
Thursday, July 15, 2022
IMF Believes in Ukraine 

The International Monetary Fund considers grants as a priority way of financing Ukraine

IMF representative Jerry Rice said at a press conference that Ukraine is carefully servicing its debt obligations and the fund expects that this will continue.

"Ukraine is carefully servicing its debt. And we expect this to continue," Jerry Rice.

Rice said that at the beginning of the war, the IMF provided Ukraine with a loan of $1.4 billion, which is serviced by diversifying borrowing rights. Rice also added that the foundation is the creator and administrator of an account to which donor countries can contribute funds to support Ukraine. Today, Canada, Germany, and the Netherlands have already used this account.

"We expect more in the coming days," Jerry Rice.

Responding to a question about the optimal form of assistance for Ukraine, Rice named grant funding.

"In the short term, this is the best form of assistance that the international community can provide in light of the military situation and the nature of the turmoil. And it would enable the Ukrainian government to continue its activities without additional debt," the IMF spokesman.

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