IMF expects donors to aid Ukraine by March's end
Illustrative photo (Photo: Getty Images)
The funds from international donors to support Ukraine's economy need to be transferred in the first quarter of 2024, according to a statement made by Alfred Kammer, Director of the European Department at the IMF, in an interview with Voice of America.
He emphasized that the allocations should be provided to Ukraine on time.
"Undoubtedly, we expect donor support to arrive in the first quarter of 2024," clarified Kammer.
According to him, the delayed provision of aid could push the Ukrainian government toward suboptimal economic policies and jeopardize all achievements.
However, as Kammer pointed out, by the end of 2023, the Ukrainian authorities took measures to secure reserves in case the assistance was not delivered on time.
"They are also closely monitoring the budget execution in the first few months to avoid problems if donor funds are delayed," said the Director of the IMF's European Department.
He reminded that in 2023, donors provided funds to Ukraine on time.
Background
Previously, Ukraine's First Deputy Prime Minister of Economics, Yulia Svyrydenko, stated that Ukraine might postpone pension and salary payments to civil servants.
According to her, such a scenario might occur if the European Union and the United States do not provide financial assistance to Ukraine on time.
