Ukrainian President Volodymyr Zelensky said on Wednesday that the up to $20 billion lending program agreement between the country and the International Monetary Fund (IMF) has to be «finally» approved.
In a speech at an event organized by the World Bank and the IMF, the Ukrainian leader specified that the nation needs $38 billion to make up for the budget deficit in 2023 and another $17 billion to cover the costs of rebuilding the critical infrastructure.
Ukraine needs another $2 billion in «targeted credit» to reconstruct energy infrastructure so it could continue energy exports to Europe, as well as at least $5 billion more in «credit limits» to purchase natural gas and coal ahead of the heating season, according to Zelensky.