IMF chief and Zelensky discuss ways to step up engagement with Ukraine

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International Monetary Fund chief Kristalina Georgieva said she spoke with Ukrainian President Volodymyr Zelensky on Tuesday and they agreed to explore ways to increase IMF support for Ukraine using all available tools.

“Excellent call with President @ZelenskyyUa,” Georgieva tweeted, explaining that they discussed how the global lender could “continue to support Ukraine and agreed to explore ways to increase our financial and political engagement (with Ukraine) using all available tools.”

The call came a day after the IMF Executive Board held an informal session to discuss a proposal that would give all member countries, including Ukraine, access to additional emergency financing to deal with budget problems caused by crises. food.

If passed, the move would give Ukraine access to an additional $1.4 billion on top of the $1.4 billion in emergency aid it received from the IMF in March.

In another post on Twitter (NYSE), Zelensky said he had spoken with Georgieva and thanked her “for the allocation of $1.4 billion of additional aid. We discussed future cooperation to increase Ukraine’s financial stability.”

It was not immediately clear whether Zelensky was referring to the IMF staff proposal discussed by the board on Monday.

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