IMF's Georgieva Visits Kyiv Amid Ongoing Economic Challenges Due to War

IMF chief Kristalina Georgieva visited Kyiv for strategic discussions as Ukraine marks the fourth year of Russia's invasion. With cold weather hampering infrastructure repair, the IMF highlighted a significant $8.2 billion loan program vital for filling Ukraine's financial gaps amidst the ongoing war and economic strain.

Amid the fourth anniversary of Russia's full-scale invasion, International Monetary Fund (IMF) Chief Kristalina Georgieva arrived in a snow-laden Kyiv for pivotal talks. Her visit comes as efforts intensify to secure economic support for Ukraine, which remains beleaguered by war.

Georgieva's packed one-day itinerary includes meetings with Ukrainian President Volodymyr Zelenskiy and other top officials. Her visit follows the Ukrainian President's declaration of a state of emergency in the energy sector, aimed at addressing widespread power disruptions.

The IMF has outlined an $8.2 billion loan to Ukraine, contingent on fiscal reforms and donor assurances. The funding is crucial as Ukraine confronts a projected $136.5 billion financing gap by 2029, exacerbated by ongoing hostilities.

(With inputs from agencies.)