2 minutes agoIMF has opened a new account to help Ukraine
Periskopi(4 years ago)
(4 years ago)Canada and Germany have already pledged more than two billion dollars in a new account opened by the International Monetary Fund to assist Ukraine, and other countries have also expressed interest, IMF spokesman Jerry Rice said today. He refused to appreciate the total sum that could be collected but said [...]
He refused to appreciate the total sum that could be collected, but said “The IMF would like it to be as big as possible, given Ukraine's great needs by being protected from Russian invasion”.
Rice said the IMF was unable to make an exact or inclusive assessment of war damage, but he added that Kiev's Economic School estimated in late May that the damage to physical infrastructure had already exceeded $11 billion.
He also said the sum would be much higher if economic losses were taken into account because of the reduction in production, the closure of companies, and the loss of revenues and investments.
