IMF Chief Kristalina Georgieva's Surprise Visit Boosts Support for Ukraine Amid War Challenges

IMF chief Kristalina Georgieva made a surprise visit to Kyiv, meeting with Ukrainian leaders to discuss a new $8.1 billion lending program. The visit underscores the IMF's support for Ukraine, which is grappling with severe challenges due to ongoing Russian attacks. Georgieva emphasized flexibility in response to changing circumstances.

IMF chief Kristalina Georgieva surprised international observers with an unannounced visit to Kyiv on Thursday. Her meeting with President Volodymyr Zelenskiy and other top officials emphasized a proposed $8.1 billion lending program aimed at aiding Ukraine amid ongoing conflict with Russia.

Georgieva inspected damage to energy infrastructure caused by recent Russian strikes and honored fallen soldiers, highlighting the nation's enduring hardships. Her discussions included the necessity of approving a value-added tax reform, despite significant domestic resistance, to unlock critical financial support.

Despite the deteriorating situation in Ukraine, Georgieva affirmed the IMF's commitment to providing vital support while allowing flexibility within the proposed financial framework. The program is crucial for Ukraine's financial stability and recovery, as war-induced fiscal gaps are projected to reach $136.5 billion by 2029.

(With inputs from agencies.)