G-7 to Extend Crucial Support for Ukraine’s IMF Funding Bid
- Yellen, IMF’s Georgieva spoke this week as daily talks begin
- Ukraine seeks to secure a multi-year, fully pledged program
Volodymyr Zelenskiy
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
Group of Seven nations plan to offer key support for Ukraine’s effort to access International Monetary Fund financing by the end of March as IMF officials have begun talks with the US, people familiar with matter said.
US Treasury Secretary Janet Yellen has discussed a lending program with IMF Managing Director Kristalina Georgieva in recent days, with Treasury and IMF teams in daily contact, one of the people said. The Washington-based lender and Ukraine have been exploring a multi-year aid package worth as much as $16 billion to help cover the war-battered country’s needs and provide a catalyst for additional international funding.