Russian invasion: IMF announces $2.2 b support for Ukraine




Emma Ujah, Abuja Bureau Chief

The International Monetary Fund (IMF) has announced a $2. 2 billion support for Ukraine, following the invasion of that country by Russia. 

Ms. Kristalina Georgieva, Managing Director of of the IMF, announced the support in a statement,  Saturday. 

According to Ms. Georgieva,  the economic consequences of the invasion would go beyond Ukraine as it would affect other parts of the world.

According to the IMF boss, “This week’s events in Ukraine are a matter of grave concern—first and foremost due to the human toll and suffering of ordinary people. The conflict is also having a serious economic impact, which will worsen the longer it continues. 

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“This crisis comes at a delicate time, when the global economy is recovering from the ravages of the COVID-19 pandemic, and threatens to undo some of that progress.

“Today (yesterday) I met with our Executive Board to brief…

Source: Vanguard Newspaper