Ukraine external financing needs could reach $5bn a month next year: IMF chief

Ukraine’s external financing needs will be around $3bn a month through 2023 in a best case scenario, but could rise as high as $5bn if Russia’s offensive becomes “even more dramatic,” the managing director of the International Monetary Fund (IMF) has said.

Kristalina Georgieva also told a conference in Berlin focused on Ukraine’s reconstruction that the IMF was working with Ukrainian authorities to help define and implement its macroeconomic policies and what will be required of the country to become a member of the European Union.

She said the IMF was also working toward a full-fledged IMF lending programme for Ukraine.