Shmyhal discusses support for Ukrainian economy with IMF representative

Shmyhal discusses support for Ukrainian economy with IMF representative

At a meeting in Lugano, Prime Minister of Ukraine Denys Shmyhal discussed measures to support the economy during the war with Alfred Kammer, Director of the IMF’s European Department.

As Shmyhal posted on Telegram, cooperation with the IMF is one of the important priorities of the government's financial policy.

Shmyhal also told Kammer about the government's measures to support Ukraine's economy during the war.

"In particular, mechanisms were introduced to support the most vulnerable sections of the population, forcibly displaced persons, and businesses. Now the government will provide non-refundable grants for the development of small and medium-sized enterprises, as well as stimulate the development of processing," the PM noted.

The government's plans for the energy sector development and the implementation of reforms were discussed at the meeting.

Shmyhal emphasized that he once again made sure of the unquestionable support from the partners.

"I thanked the IMF for the quick response to the challenges faced by Ukraine due to the armed aggression of the Russian Federation, and for assistance within the framework of the Rapid Financing Instrument. The creation of IMF’s special administrative account for Ukraine made it possible to promptly receive funds from partner countries," Shmyhal added.

The Head of Government emphasized that Ukraine appreciated the IMF's contribution to the development of the recovery plan for the post-war rapid reconstruction of our country.

As reported, the Ukraine Recovery Conference is held in Lugano, Switzerland, on July 4-5.

Prime Minister Shmyhal said that the plan for the recovery of Ukraine consisted of three stages and it would be necessary to implement thousands of reconstruction projects after the victory in the war unleashed by Russia.


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