The head of the IMF, Kristalina Georgieva, expressed her thoughts on the economic state of Ukraine, emphasizing its stability in the conflict zone and the expected slowdown of recovery in 2024.
She noted that the turbulent situation caused by the Russian invasion requires great economic efforts, but the stability of macroeconomic indicators remains positive, thanks to the balanced policy of the Ukrainian authorities and the support of external partners.
According to the IMF, Ukraine's economy grew by 5% in 2023, which exceeds expectations, but growth rates are forecast to decrease to 3-4% in 2024 due to high risks associated with instability and possible delays in external financing.
Georgieva emphasized the importance of vigilance of the Ukrainian authorities regarding these risks and timely and predictable external financing to maintain macroeconomic stability.
She also expressed concern about the financial problems caused by the war and called for the mobilization of resources to ensure financial stability. The head of the IMF emphasized the need for reforms to strengthen financial security and transparency.
Regarding the financial sector, she noted its stability and called for further measures to improve preparedness for unforeseen circumstances.
On March 21, the Board of Directors of the IMF approved the allocation of a tranche in the amount of about 880 million dollars within the framework of the Extended Financing Program for Ukraine.
According to estimates by the Ministry of Economy, Ukraine's real GDP grew by 5% in 2023, and the NBU forecasts growth by 3.6% in 2024, taking into account high budget expenditures and expected international aid.
