On Oct 25, IMF Managing Director Kristalina Georgieva said that Ukraine’s external financing needs would be around $3 billion a month through 2023 in a best-case scenario. “The external financing needs could rise as high as $5 billion if Russian bombing becomes even more dramatic,” she added. She said IMF staff had met with Ukrainian authorities in Vienna last week to discuss the country’s financial needs and were working toward a fully-fledged IMF lending programme.

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