The International Monetary Fund announces billionaire assistance to Ukraine | Economy

The International Monetary Fund announced, on Tuesday (21), that it had reached an agreement with the Ukrainian government for an aid plan totaling 15.6 billion US dollars (about R$82 billion).

The plan will allow “maintaining a gradual economic recovery, while creating conditions for long-term growth, in the context of post-conflict reconstruction.” [com a Rússia] “With a roadmap for accession to the European Union,” the International Monetary Fund said in a note.

The deal will be presented “in the coming weeks” to the International Monetary Fund’s board for final approval.

“Apart from the huge human cost, the Russian invasion of Ukraine continues to have a devastating impact on the economy: GDP has fallen by 30% in 2022, much of the industrial sector has been destroyed and poverty has skyrocketed,” said the mission chief. International Monetary Fund, Gavin Gray.

He added that despite these obstacles, the Ukrainian government was able to “maintain financial and macroeconomic stability, especially thanks to significant international support and the implementation of reasonable policies.”

US Treasury Secretary Janet Yellen “hailed the International Monetary Fund’s agreement with Ukraine in a statement and added that for Russia, the United States will “continue to support the government and people of Ukraine for as long as we can.”

Since February 24, 2022, when the war began, Ukraine has received over $20 billion (over R$100 billion) in loans or grants from the World Bank and over $110 billion (over R$570 billion, approximately) from the United States. United States, including military support.

A significant part of these resources allowed Ukraine to continue to operate public services and pay its employees, as well as ensure the care of the internally displaced.

The International Monetary Fund is betting on Ukraine’s partial and gradual economic recovery this year, thanks mainly to the maintenance of basic infrastructure, such as the power grid, which is still under attack from Russia.