Kristalina Georgieva: The lack of Western aid will jeopardize the recovery of Ukraine

Ukraine is able to withstand the lack of external financial assistance for "several months", but difficulties await it if the EU and the US fail to resolve the issue of financing Kiev during this time. This opinion was expressed by the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in an interview with the British newspaper "Financial Times".
According to the head of the IMF, whom the publication quoted indirectly, a longer absence of Western support would jeopardize Ukraine's economic recovery. Kiev may be forced to increase the issue of hryvnias, which would provoke inflation.
"It is important that this period does not drag on, because it will be more difficult for Ukraine to adapt <...> and at a time when the country was expecting better economic prospects," said Georgieva. "Work will continue in the US and Europe [to approve new aid packages]. Overall, I remain optimistic and believe they will be able to secure funding," she added.
Georgieva stressed that both the IMF and Kiev, which has taken "strict measures to ensure macroeconomic and financial stability", have done everything necessary to ensure that Ukraine receives the necessary support. According to her, now is the time for the US and the EU to "fulfill their role". /BGNES