Ukraine’s President discussed with the IMF about reconstruction after the conflict

President Zelensky and the IMF executive discussed Ukraine’s financial stability and its post-conflict reconstruction.

“At the moment, we have a clear plan as well as a vision of the prospects. I am sure that cooperation between the International Monetary Fund (IMF) and Ukraine will be fruitful,” said Ukrainian President Volodymyr Zelenskiy. On April 17, he wrote on Twitter, referring to his discussion with IMF managing director Kristalina Georgieva.

Ukrainian President Volodymyr Zelensky attends a joint press conference with Austrian Chancellor Karl Nehammer in Kiev on April 9.  Photo: Reuters.

Ukrainian President Volodymyr Zelensky attends a joint press conference with Austrian Chancellor Karl Nehammer in Kiev on April 9. Image: Reuters.

Georgieva confirmed the exchange with the Ukrainian president in another tweet later the same day. “Thanks for the very productive call today,” she wrote. Support is “essential to lay the foundation for efforts to rebuild a modern and competitive Ukraine”.

Earlier, Ukrainian Prime Minister Denys Shmyhal said he would attend meetings of the IMF and World Bank (WB) in Washington, USA, this week to seek more financial support for Ukraine.

A World Bank report on April 10 forecast that the conflict could reduce Ukraine’s economy by about 45.1% this year. “The actual extent of the decline will depend on how long and how intense the hostilities are,” the report notes.

A local resident rides his bicycle along a street near the Illich iron and steel plant in the city of Mariupol, southern Ukraine, April 15.  Photo: Reuters.

A local resident rides his bicycle along a street near the Illich iron and steel plant in the city of Mariupol, southern Ukraine, April 15. Image: Reuters.

World Bank experts said that the future of Ukraine’s economy is still very uncertain due to the unclear situation of the war, when peace talks have not made progress and the two sides are focusing their forces on Donbass, eastern Ukraine. Prepare for decisive battle.

Anna Bjerde, the World Bank’s vice president for Europe and Central Asia, said that Russia’s military campaign in Ukraine “has dealt a heavy blow to the Ukrainian economy” and that the country’s infrastructure system has suffered a lot of damage. big.

Ukraine’s Economy Minister Yulia Svyrydenko said at the end of March that the war had cost the country $564.9 billion, if you include the loss of trade and business revenue.

According to Minister Svyrydenko, the amount of public property belonging to the infrastructure group, including roads, railways and airports, worth about 119 billion USD has been destroyed in the conflict, while damage to private property, in which with houses, is about 90.5 billion USD. Ukraine’s GDP in 2022 lost about 112 billion USD due to the war, down more than 55% compared to last year.

Vu Hoang (Theo Reuters)

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