Economics
War-Torn Ukraine Needs at Least $3 Billion a Month in 2023, IMF Says
- US Treasury Secretary Yellen has pushed allies to do more
- Call for aid comes during IMF’s annual meetings in Washington
Rescuers use a hose to extinguish a fire in a residential building in Zaporizhzhia, Ukraine on October 9.
Photographer: Maryna Moiseyenko/AFP/Getty Images
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Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.
“Our current thinking is that the financing requirements” will be around $3 billion to $4 billion a month, Kristalina Georgieva said at a meeting in Washington on Wednesday to discuss global economic support for Ukraine, according to a draft text of her comments.