LAST UPDATE: 17.36
IMF Managing Director Kristalina Georgieva today called on all countries to continue working together, as some finance ministers decided not to attend any of the G20 meetings today due to the presence of Russian officials in them. as reported by Reuters.
“No country can solve its problems alone. It is obvious that co-operation must continue and will continue,” he told a news conference. According to Georgieva, “even if it is more difficult to work together when there is tension, it is not impossible.”
“I have no doubt that there will be substantive discussions” at the G20 summit, he added.
Georgieva estimated that Ukraine probably needs $ 5 billion a month in financial assistance to keep its economy afloat. He noted that the immediate priority is to find ways to fill this gap over the next three months.
Despite the uncertainty about Ukraine’s future, the IMF will start working on a future loan program, but Georgieva said it would be “unfair” to expect Ukraine to implement a wide-ranging reform package at this time.
Source: Capital
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