City
Epaper

Ukraine to require at least $39.5-bn external financing in 2023: IMF

By IANS | Updated: December 25, 2022 01:55 IST

Kiev, Dec 25 Ukraine will require at least $39.5 billion in external financing in 2023 to keep its ...

Open in App

Kiev, Dec 25 Ukraine will require at least $39.5 billion in external financing in 2023 to keep its economy afloat, a media report said, citing a recent International Monetary Fund (IMF) projection.

"Staff analysis suggests that external fiscal financing needs would be at least 39.5 billion dollars in a central scenario," the IMF was quoted by Interfax-Ukraine news agency as saying, Xinhua news agency reported.

Under a pessimistic scenario, which envisages that Ukraine's gross domestic product will decline by 12.5 per cent, the country's foreign financing needs will be around 57 billion dollars, the IMF said.

According to Ukrainian Finance Minister Serhiy Marchenko, external financing of Ukraine's state budget is set to reach 30 billion dollars this year.

The Ukrainian economy, which was severely hit by the Russia-Ukraine conflict, is expected to shrink by between 32-35 per cent this year after a 3.4 per cent growth in 2021.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: KyivUkraineInternational Monetary FundImf researchNational and globalInterfax-ukraineSerhiy marchenkoInternational monetary funds
Open in App

Related Stories

MumbaiRs 142-Crore Investment Scam: Key Accused Traced in Ukraine; Mumbai Police Initiate Extradition Process

NationalIndia Opposes Asian Development Bank Providing Financial Support to Pakistan

InternationalRussia-Ukraine War: 41 Fighter Jets Destroyed as Ukrainian Drone Strikes Set Russian Airbases on Fire

InternationalOperation Spiderweb: Ukraine Launches Largest Drone Attack on Russia, Destroys Over 40 Fighter Jets (Watch Video)

InternationalRussia-Ukraine War: At Least 600 North Korean Soldiers Killed While Fighting for Russia

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala