The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion.
FILE - World Bank President David Malpass speaks at a news conference during the World Bank/IMF Spring Meetings at the International Monetary Fund headquarters in Washington, on April 13, 2023. IMF officials told reporters Wednesday in Kyiv that an announcement from U.S. President Joe Biden of his commitment to supporting Ukraine is still the baseline assumption.
She added that “it is premature for us to comment on what will materialize or not, because we have to wait for the process to play out." The Ukrainian economy has shown improving growth and lower inflation this year after the disastrous loss in 2022 of around a third of its output, including from war destruction and Russian occupation of key industrial areas.but helps Ukraine keep paying civil servants and pensioners. It also has helped keep people's savings and salaries from vanishing due to price spikes.
Annual inflation has fallen from 26% in January to 8.6% in August. The central bank on Monday was confident enough in the stability of Ukraine's currency to drop a fixed exchange rate imposed at the start of the war.over three years. That should clear the way for a total of $115 billion from donor countries that is expected to cover the government's financing needs.
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